il Capo of Crypto is a popular cryptocurrency The analyst and trader shared his current positions in the crypto market, revealing that he is short against several altcoins, including MATIC.
il Capo of Crypto Announces Its Short Altcoin Positions
In a tweet on Wednesday, il Capo said, Ethereum a scaling solution for of polygon local token in MATIC He said he added more to his short position. He said the average entry price is $0.96, aiming for a drop to $0.29-0.30, which would represent a drop of about 70% from the current level.
MATIC price is trading at $ 0.90 at the time of this writing.
In addition, 65% of its portfolio USD in cash and 35% BNB, TRX, AAVE and other altcoins such as SOL, announced that he is holding medium-term short positions. It did not specify entry prices or targets for these transactions.
Il Capo is known for his recent bearish statements about cryptocurrencies. Il Capo, who has been the target of criticism from crypto enthusiasts on Twitter, therefore shares a very rare number of analysis. However, the analyst in question was among those who correctly predicted Bitcoin’s decline from the $ 69,000 peak.
*Not investment advice.
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