OM/BTC Short
OM has gained attention as one of the premier RWA protocols in the crypto space. OM started at 500m market cap one year ago and today stands around 7B. This kind of growth is exciting, but against BTC I see it as unsustainable. Therefore, a mean reversion OM/BTC short trade has the potential to fall 50% over the next twelve months, regardless whether prices enter a bear or bull market.
Stop loss can be placed above the local high. Good luck in your trading.
Stop loss can be placed above the local high. Good luck in your trading.
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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.