Cryptography researcher and analyst Trade The Flow has provided the crypto community with trading ideas that it believes could help them be profitable despite unstable market conditions. Interestingly, he revealed his bearish sentiment towards Shiba Inu (SHIB), Cardano (ADA)And Litecoin (LTC) while stating these business ideas.
Long/Short Pair Trading for Shiba Inu, Cardano and Litecoin
Trade The Flow mentioned in an X (formerly Twitter) job Long/short pair trading is something that works well in these choppy conditions. Based on this, he outlined several long/short pair trades that one could execute. First, he mentioned the long term Bitcoin (BTC) and short circuit LitecoinHe said the business idea was “pure common sense.”
He then explained why the desire for Bitcoin was a good idea, noting that the “market leader” just added an ETF and is recognized worldwide as digital gold. On the other hand, Flow The Trade pointed out that a short Litecoin which is an “old PoW” dinosaur part without network effects and without a future catalyst.
The second trading idea mentioned by the crypto analyst was to go long Ethereum and short Cardano. He said this trading idea was similar to the “Long BTC/Short LTC” trading he first mentioned. He said: “You are doing a long on an L1 (Ethereum) which is about to have your own ETF and with a lot of new layers and protocols built on top of it.” On the other hand, he added that a short “a dead L1 (Cardano)” which he says has “no real activity close to zero.”
Flow The Trade mentioned Pepe’s Desire (PEPE) and Shiba Inu shorting. He noted that this is a pairs trade between the two large coins on Ethereum. He explained: “The idea is to keep the most established meme in crypto culture (PEPE) which continues to attract a lot of market attention. » On the other hand, he suggested that shorting the Shiba Inu was a good idea because, in his opinion, his time has passed.
Other Long/Short Pairs Trading Ideas
Flow The Trade also mentioned other long/pair trading ideas including Pendle’s desire and short ONDO. He acknowledged that it was a pair swap between two tokens with the same narratives, but noted that they had “big differences in their protocol metrics.” He claimed that ONDO FDV/TVL the ratio “makes less sense” to him, and he expects the FDV/TVL ratio to reverse, especially as we approach the big token release.
Desire Lido (LDO) and short circuit Ether.fi (ETHFI) is another exchange mentioned by Trade The Flow. He noted that it was “more of a classic pair swap between two liquid staking protocols on Ethereum.” He explained that Lido’s TVL is 5x higher than Ether.fi, but the latter’s FDV is 1.3x higher than Lido and Ether.fi also has a low float, with a $160 million token release happening soon.
The crypto analyst claimed that this trade was a bit riskier, but noted that ETHFI’s low float made it “prone to more explosive price movements.”
Featured image created with Dall.E, chart by Tradingview.com
