Go Long here. The Dump earlier today was due to the BitMEx Fiasco and U.S. SDNY Federal inditement of the owners of that company. $15 Million in long positions were liquidated earlier today in that dump just on BITMEX alone. This is going to trend back up to the $10,900 range after it completes it's shake out. An absolute perfect set up for a long position.
I'd be very careful and would keep the leverage under 50x on any short positions at this point... Long at 50-70X is the smart move
I'd be very careful and would keep the leverage under 50x on any short positions at this point... Long at 50-70X is the smart move
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