Typical vacuous announcement pumps influence prices in a predictable way.
For LINK and HBAR, Google announcement rallied prices by 137% within 2 weeks of announcement before price began to collapse
First test of support followed a value loss of 56-61%
Equivalent loss for THETA results in a price of 0.23
Allowing for buffer due to high funding rates (signalling possible short covering) = target at 0.25-0.26
Short opened at 0.41
Risk
- Beta (BTC corelation)
- Basis risk (OK, Huobi delisted token)
For LINK and HBAR, Google announcement rallied prices by 137% within 2 weeks of announcement before price began to collapse
First test of support followed a value loss of 56-61%
Equivalent loss for THETA results in a price of 0.23
Allowing for buffer due to high funding rates (signalling possible short covering) = target at 0.25-0.26
Short opened at 0.41
Risk
- Beta (BTC corelation)
- Basis risk (OK, Huobi delisted token)
Yorum:
Target hit.