I'm shorting AAVE

I've entered this short because it looks like BTC will be heading south again

(daily candle closed as a spinning bearish top with lower volume of the prior one) and I think this should help AAVE going down as it has had a good rise in the past days.
Just to be sure I entered with a small position and I've set another buy around 67 USDT.... you never know if market spikes when you're not looking!

My target on the chart is a safe one in case we go below 59 but I might change it according to the situation I'll see tomorrow morning.

Good luck!

Note

I had left a sell bid over 67 "just in case" and last night it triggered. If it keeps going up like this I expect another 6h of green at least. Worst case scenario I'll have to wait until tomorrow to see the chart going my way

Note

Current short target and entry point are adjusted withe my second entry aroudn 67. I didn't have stop loss (don't do this at home) so after touching -50% of my collateral I'm currently in profit. Still waiting for some more dip

Trade closed manually

I closed manually at loss because I didn't trust it anymore. I was in profit 3 times but I wanted more but for the last 2 days the trend changed, DeFi pumped and it looked very risky. Might pump even another 14% and I didn't want to lose more money than I already did.... I'll make them again!

Shotokhan

I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"

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Shotokhan

I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"

Also on: