Hi All,
Back on LEND.
I recently had a post discussing picking up some LEND at the bottom of the channel. That trade is gone, we are back to 198 sats (where I started the previous trade).
If you look at these channels, it seems LEND is due to (at the very least) test ~150 Sats. So, I would short it at this point to pick it up at lower levels (140-150 sats). I will make a better chart on this if it goes through. Take this perspective of mine as more information you can use to make your OWN trading decisions.
However!! Since BTC is back on a little swing, perhaps touching 7k before any retrace, one may think that LEND will again hit the top of the channel. This may ofcourse happen, but I would imagine it would be short-lived. So, be careful if you go on any swings with LEND.
All in all, it is my opinion that LEND will touch lower in coming weeks.
Back on LEND.
I recently had a post discussing picking up some LEND at the bottom of the channel. That trade is gone, we are back to 198 sats (where I started the previous trade).
If you look at these channels, it seems LEND is due to (at the very least) test ~150 Sats. So, I would short it at this point to pick it up at lower levels (140-150 sats). I will make a better chart on this if it goes through. Take this perspective of mine as more information you can use to make your OWN trading decisions.
However!! Since BTC is back on a little swing, perhaps touching 7k before any retrace, one may think that LEND will again hit the top of the channel. This may ofcourse happen, but I would imagine it would be short-lived. So, be careful if you go on any swings with LEND.
All in all, it is my opinion that LEND will touch lower in coming weeks.