AR is strong, and FIL can no longer hedge against it in the storage track
AR's rise breaks the previous logic. Although FIL is included in the Grayscale holdings list, it is more of an emotional value, and there are not many actual purchases.
Under this situation, the previous logic of going long FIL and short AR is no longer valid.
Both the dealer and the narrative are optimistic about AR, but it still faces strong resistance in breaking through the upper pressure line.
It is difficult to break through the previous high, and it faces strong retracement pressure after breaking through the upper rail of the Bollinger band.
It is recommended to hedge currencies, pairs trade, go long on Bitcoin, short on AR, and choose the time to open a position after AR breaks through the upper rail, with a position ratio of 3 to 1.
Wait for AR to return to the middle rail of Bollinger. Or wait for Bitcoin to soar. Then stop profit.
