3-7 day trade idea (Short)

Short price 0.4905

I have been monitoring this trade idea for a couple days.

The funding rate was terrible so i waited until now to short.

My trade,

0.4905 Short

2x Leverage

TP at around 30-40% ROI.



It’s not a get rich quick trade idea.🙏


Previous and upcoming unlock.

There is a large cliff unlock happening in just under 2 days, +16% circulating supply.

Most of the unlock is going to holders who will likely sell within days-weeks of their unlock.

I like to short before unlock, i believe some of these project teams unlock prior to vesting schedules.

The last cliff unlock on 01 August was the same size as the unlock coming on 01 September.

This was the price action.👇

Coinbase listing gave the project a temporary pump.

I think it offers a +EV short using low leverage/margin, if you are willing to hold for around 3-7 days.

Sometimes these unlocks are felt in the days before the unlock or days-week after the unlock, in sideways conditions it usually drives down price within 1-2 weeks.

I don’t tag these posts so hopefully people who follow me will already know my trading philosophy and mentality, low leverage 1-3x and only a small % of your funds.

I look to make 20-40% ROI on these trades and take profits, if you high leverage then you could panic or get liquidated before the trade idea plays out.

These low cap projects are easily manipulated and price can be volatile around unlocks.

If you want to be safe you could wait until PCE comes out later (12:30pm UTC+0), if PCE is lower than forecast then the crypto market might rally before the NY stock exchange closes for the week.

Peace.