Ankr / TetherUSShort
Anchors drop. It's what they do.
Psychology of the masses, what's in a name?
Looking back it's clear ANKR rises on hype -- positive news media events.
Then it falls back toward pre-hype equalibrium.
Without a burst of good news, ANKR reverts to a "penny stock" seeking the bottom.
The good news is, ANKR has more good news coming.
But I would discourage traders from going long now.
Anchors drop. It's what they do.
Either short ANKR, or get out.
Just my opinion, don't know the people.
Looking back it's clear ANKR rises on hype -- positive news media events.
Then it falls back toward pre-hype equalibrium.
Without a burst of good news, ANKR reverts to a "penny stock" seeking the bottom.
The good news is, ANKR has more good news coming.
But I would discourage traders from going long now.
Anchors drop. It's what they do.
Either short ANKR, or get out.
Just my opinion, don't know the people.
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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.
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.