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Axie Infinity: AXS to present a shorting opportunity?

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Journalist Posted: September 8, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Axie Infinity continued to labor within a downtrend. The bearish bias on the higher timeframe charts meant traders could look for selling opportunities at resistance levels. Axie Infinity [AXS] …

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Lido: Can the $1.7 hurdle present extra shorting gains?

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Journalist Posted: September 3, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Lido’s further upside beyond $1.7 has been blocked since mid-August.  Open Interest rates have been on a steady decline in Q3 2023. Bulls haven’t held absolute market control since …

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Apecoin: Will traders shorting APE see more gains?

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contributor Posted: September 2, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. No respite for bulls, as APE’s price dwindled toward the $1 price zone. Market speculators are positioned to maximize shorting gains.  Apecoin’s [APE] dwindling price action extended its bearish …

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ATOM drops to critical price level – More shorting gains likely?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bearish momentum looked to flip critical support level to extend sellers’ dominance. Dwindling Open Interest highlighted liquidation of long positions.  The extended bearish action in the crypto market saw Cosmos [ATOM] descend to the …

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Cardano: Can shorting ADA lead to more gains for traders?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Selling pressure rebuffed bullish rebound attempts. Shorts look to extend gains with a major share of exchange long/short ratio. Cardano’s [ADA] retest of the $0.3 resistance level saw bulls on the losing end, as …

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AAVE hits bearish zone: Are shorting gains likely?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. AAVE hit a previous support-turned-resistance zone.  Open Interest rates dipped as sellers regained control. Aave [AAVE] could be at the mercy of sellers if the press-time bearish pressure creeps into the weekend. The altcoin …

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Filecoin: Will the $5 hurdle offer a shorting opportunity again?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The $4.25 immediate support was respected. Open Interest rates and funding rates wavered.  Like most altcoins, Filecoin [FIL] has fronted an impressive recovery since mid-June. However, a familiar roadblock at $5 has prevented further …

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