Got long the market - beta + some smaller alts. With literally everybody touching grass and even the sharks watching not rly biting, prices have failed to breakdown from 84k. Volumes have completely collapsed across the board and it feels like sellers are pretty exhausted to me. All it takes is a couple of large buyers to step in and thin books will be ripped apart. The upside of going long sub 90k is pretty good to me given clear inval levels and I rather stab here than be in wait and see mode at 95k or even 100k not knowing what to do. January has also typically been a very volatile month so I’m betting that comes back in some form as we close December. Happy new year folks 👌

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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