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Avoid the whitewaters of THOR

Updated: Jul 25, 2024
Published: Nov 22, 2023
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We’ve had a couple of requests to look into THOR, so we took a hard look.

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Without mincing words- that stream is full of whitewater and waves right now. 😵 Not exactly ideal for a nice swim if you catch the drift.

The daily charts? Straight up indecisive. 🤷‍♂️ Going from doji candles to spikes and drops faster than you could say jack. 

The 1-hour chart? Even wilder - super volatile with liquidity not matching the volume. 😱 All we can think of is "aggressive spikes"  – the type that would put any trader at a disadvantage. 😬

So what's the move here? 🤔 Well, for traders, it might be best to avoid THOR; there is too much uncertainty for now. 🚫 

For investors, we are at high prices, so jumping now could mean negative returns. The current upside is overspent; it’s best to wait for a pullback. Remember, you book profits when you buy; you only realise them when you sell.

The main lesson? Rivers can turn to whitewater real quick in crypto. 💦 Sometimes, it's better to chill on the riverbank until conditions improve! 🏝 

At least, that's our take for THOR at this time! 

Anyway, we hope this helps explain things and clarifies how to play THOR from here.

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