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Stunned by the rebound of ADA and LDO while shorting and the relative weakness of Fartcoin
I’m honestly shocked at how strong the coins I shorted turned out to be, specifically ADA and LDO. Yes, I’m currently trading with a small overall profit on them, but only through averaging down. And Fartcoin looked comparatively weak next to them.
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Analysis
The core observation is a sharp reversal in the price dynamics of ADA and LDO, which undermined the profitability of the shorts. The strength of these assets suggests underlying demand or favorable ma...
Recommendation
Recommendation: Reassess the short thesis on ADA and LDO in light of their recent strength. Consider reducing exposure incrementally and implementing tighter risk controls, such as stop-loss adjustmen...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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