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"Anotha one"
$BANANAS31
This was one of the nastiest, I've rarely seen such a controlled move up. Completely linear and with almost zero drawdown.
Extremely dangerous to short, here are the 2 ways to do it with lower risk imo :
- Wait for a first sign of weakness such as yesterday's move down that was V-reversed, and then you can start shorting with an invalidation slightly higher than the ATH (the risk is to be stopped out at the top ofc)
- Start scaling in the short once the market cap gets large enough so that you can feel the upside becomes "capped". Riskier because you don't have an invalidation, there is no certainty in such a trade, and a 3 sigma STD move could kill you.