First is a covered put on
my still open short position in AMCX.
Not exact matches
We maintain the positive long - term view on the recovery, but the
short - term outlook is
still not clear and traders should wait for further signs of strength to
open new
positions in most of the altcoins.
Short - term traders should
still stay away from
opening new
positions as the test of the $ 18 level might
still be ahead in the coming days, with further support at $ 16 and $ 14.50, while strong resistance is ahead near $ 23 and $ 25.
Still, the
open short positions are quite low, too, being at 1.33 %, which allows some room for the company growth.
That said,
short - term traders should wait for confirmation before
opening new
positions, with the line - in - the - sand level
still being at $ 13.50.
We
still expect choppy price action in the coin before a sustained rally and
short - term traders should wait with
opening new
positions here.
The
short - term MACD is now neutral, but the long - term picture remains overbought, and investors shouldn't
open new
positions here, although traders could
still play the trend.