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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Crypto bottoms when we have our next "world event" similar to covid pandemic
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Poster Handle
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nemo_solus |
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Post Content
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FYI nemo, gala up another 35% or something today. I sold my coins just now. 100% profit before leverage and it happens in 3 days?
I'm not getting greedy. I made stupid money and left the trade. Gala is showing the weakest sign of reversal so screw it.
Going to wait to re-enter anything... markets are too hot for my tastes. I'm not sure I will enter anything again but I'll let you know when I'm thinking about it...
As much as I want to long again, I feel like it'll probably be a short next.
Quoting: Mr Cheese Nice Trade! I'm still in, limits are basically set on the bots to just protect the initial capital with a very slow trailing stop. My overall inclination is that this is a exit pump and we'll see the FTX contagion continue to take down more major players and the price in the market. However, I could be wrong and this small levered position long is an attempt to limit my exposure to the downside but cover the case that the market has already fully discounted the FTX troubles and blue skies are ahead. As far as going short, given how insolvent many players appear to be, I'm not sure I would take that trade as it may be that you win, but the exchange fails and can't (or more likely, won't) pay out.
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