Crypto
researcher
and
analyst
Trade
The
Flow
has
provided
the
crypto
community
with
some
trade
ideas
that
he
believes
could
help
them
be
profitable
despite
the
choppy
market
conditions.
Interestingly,
he
revealed
his
bearish
sentiment
towards
Shiba
Inu
(SHIB),
Cardano
(ADA),
and
Litecoin
(LTC)
while
stating
these
trade
ideas.
Long/Short
Pair
Trade
For
Shiba
Inu,
Cardano,
And
Litecoin
Trade
The
Flow
mentioned
in
an
X
(formerly
Twitter)
post
that
long/short
pair
trade
is
one
thing
that
works
well
in
these
choppy
conditions.
Based
on
this,
he
outlined
several
long/short
pair
trades
that
one
could
execute.
First,
he
mentioned
longing
Bitcoin
(BTC)
and
shorting
Litecoin.
He
claimed
that
this
trade
idea
was
“pure
common
sense.”
He
further
explained
why
longing
Bitcoin
was
a
good
idea,
noting
that
the
“leader
of
the
market”
just
added
an
ETF
and
is
being
recognized
worldwide
as
digital
gold.
On
the
other
hand,
Flow
The
Trade
remarked
that
one
short
Litecoin
which
is
an
“old
PoW
dino
coin
with
no
network
effect
and
no
catalyst
ahead.”
X
The
second
trade
idea
the
crypto
analyst
mentioned
was
to
long
Ethereum
and
short
Cardano.
He
stated
that
this
trade
idea
was
similar
to
the
‘Long
BTC/
Short
LTC’
trade
he
first
mentioned.
He
said,
“You
long
an
L1
(Ethereum)
that
is
on
the
brink
of
having
its
own
ETF
and
with
a
lot
of
new
layers
and
protocols
building
on
top.”
on
the
other
hand,
he
added
that
one
short
“a
dead
L1
(Cardano)”
which
he
claimed
has
“no
near-zero
real
activity.”
X
Flow
The
Trade
mentioned
longing
Pepe
(PEPE)
and
shorting
Shiba
Inu.
He
noted
that
this
is
a
pair
trade
between
the
two
big
meme
coins
on
Ethereum.
He
explained,
“The
idea
is
to
long
the
most
established
meme
of
crypto
culture
(PEPE)
that
continues
to
catch
a
lot
of
market
attention.”
On
the
other
hand,
he
suggested
shorting
Shiba
Inu
is
a
good
idea
because,
in
his
opinion,
its
time
has
passed.
X
Other
Long/Short
Pair
Trade
Ideas
Flow
The
Trade
also
mentioned
other
long/pair
trade
ideas,
including
longing
Pendle
and
shorting
ONDO.
He
acknowledged
this
was
a
pair
trade
between
two
tokens
with
the
same
narratives
but
noted
that
they
had
“big
discrepancies
in
their
protocol
metrics.”
He
claimed
that
ONDO’s
FDV/TVL
ratio
“makes
less
sense”
to
him,
and
he
expects
the
FDV/TVL
ratio
to
reverse,
especially
when
big
token
unlocks
approach.
X
X
Longing
Lido
(LDO)
and
shorting
Ether.fi
(ETHFI)
is
another
trade
Trade
The
Flow
mentioned.
He
noted
this
is
“more
of
a
classic
pair
trade
between
two
liquid
staking
protocols
on
Ethereum.”
He
explained
that
Lido’s
TVL
is
5x
that
of
Ether.fi,
but
the
latter’s
FDV
is
1.3x
that
of
Lido
and
Ether.fi
also
has
a
low
float,
with
a
$160
million
token
unlock
happening
soon.
X
X
The
crypto
analyst
claimed
that
this
trade
is
a
bit
more
risky
but
noted
that
the
low
float
of
ETHFI
makes
it
“prone
to
more
explosive
price
movement.”
price
at
$0.0000177
|
Source:
SHIBUSDT
on
Tradingview.com
Featured
image
created
with
Dall.E,
chart
from
Tradingview.com
Go to Source
Author: Scott Matherson