MACRO VIEW -> expecting much lower, 30k (-25%) initially but more pain later:
1. Failed breakout of ATH
2. Followed by down only for 3 months
3. Upward consolidation, bear flag, ABC corrective pattern, whatever you want to call it
4. Failed breakout on daily again similar to ATH
RKLB will be so much lower in a year. The thing ticks all the boxes for godly short setup.
Retail interest
Huge price increase
Insane multiples (higher than spaceX but without Elon premium)
Unprofitable
Its one of the few beta’s you can play into SpaceX IPO
Average at 122
Made over 11k shorting CRCL. TP'd and reshorted a couple times along the way. Think it's time to take it off now. At the peak, CRCL was trading at a ratio of 1/1 marketcap/USDC outstanding. Right now that ratio is is down 80% to 1/5.
@Cbb0fe Not as lucky as me; I had big chunk of net worth in staked hype and got ADL on hedge somewhere close to the bottom. Managed to reshort 5% higher
@SalsaTekila Did half at 27. Always said full has to happen in my 30’s preferably before kids. Thinking of summer 2027. Not looking forward to 16h training weeks 😂 have some tough events planned for this year so base will be there though. Will you do full? You did half right?
@loraclexyz You are approaching this wrong. Assuming they entered when drop was not priced in enough. They were on the side of the market where they could defend fair market price. They simply couldn't lose. The higher funding went, the more their short printed vs. the cme hedge