SO let's do a break below this triangle and get the biggest panic sell event of every single person that even thought of selling
All that remain will be valiant bulls
$ARENA
I need some way to hedge $ARENA
Market structure is complete ass now, and 80% of you are wiped which sets up a NO BOUNCE situation
Great project and I want to stay in but I expect another 30 days of absolute bloodshed, and that's being optimistic
So what's the move? Pointless to feed the fire by selling. No way to...
One idea i have for $ARENA is derivatives, kinda like credit default swaps
People agree to pay a premium to have garaunteed liquidity at a given price, likely something like a 90 day moving average or VWAP
It's an ongoing contract, not like options that decay in premium over time. you lock up collateral...
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