Earlier i opened a short position on this token called vanausdt
I did some research on it just now. It seems to be an AI token focus on decentralized data ownership.
Decent utility I guess...not sure if theres strong demand for it overall.
The current chart doesn't show that right now though hence why am shorting.
Its rejecting $5.6 4hr HL area but keeps pushing down back into it making lower highs and volume increasing on the sells which to me is a bearish indication that it will break down soon. Once I see a close below $5.6 area I'll be looking to scale in and tighten stop to improve RR a bit.
Currently is roughly 3RR from my entry to $5.17 target. I think I can get that up to 5RR
I did some research on it just now. It seems to be an AI token focus on decentralized data ownership.
Decent utility I guess...not sure if theres strong demand for it overall.
The current chart doesn't show that right now though hence why am shorting.
Its rejecting $5.6 4hr HL area but keeps pushing down back into it making lower highs and volume increasing on the sells which to me is a bearish indication that it will break down soon. Once I see a close below $5.6 area I'll be looking to scale in and tighten stop to improve RR a bit.
Currently is roughly 3RR from my entry to $5.17 target. I think I can get that up to 5RR
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.