✅✅ MORNING UPDATE
Expiration traditionally brings some extra volatility - so does today. With all emotions of last week still fresh in mind, we should also expect some market manipulation. Today is today and has its own dynamics. No adjustments expected in our positions.
We did very well in the rebounce, ranked in top 4 strategies.
$MATIC and $MKR were an excellent pick last week. Today added $SOL and $LUNA. The first is well positioned given the growing attention for energy consumption. Also increased position in $BTC and $VET, both coins with more moderate upside potential than altcoins bu t also with lower risk profile. ✅
removed $MKR (strugling to brake resistance at 5k so locking gains and moving in elsewhere) ✅
added $ATOM (big ugprades coming in June, bridge, sc) 🚀
On dips like this it is time to put money back to work. Do it slowly. When markets rallies take some off.
One can go take $ETH to exchanges like $FTT and use it for longing DeFI, or put it in $AAVE, $COMP or $MKR and borrow against that collateral. That borrowed capital can be used to buy defi tokens, optionally used to earn fees or the like in defi protocols. These strategies can give investors a fair bit of leverage exposure while still maintaining good liquidity margins. (2/3)