ai16z/Tether
Panjang

ai16z - wait for another opportunity to buy

139
The price has been moving parabolically since the end of Dec. The price reached ATH on 2nd Jan and it has been oscillating between $1.9 and $2.5 region. ai16z is the most sought after AI infrastructure token, therefore, instead of looking for a short opportunity, it is better to look for a re-entry area to go long.
I will closely observe how the price will behave at key Fib levels - 0.382, 0.5, and 0.618. If the price starts to move up and MACD lines cross and a green histogram appears, I will invest more. It is not the time to be thinking of shorting an asset like this. It is too early for the crypto macro uptrend to end.

Penafian

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