Long here
Updated
This is similar to the drop to 8k a few weeks ago. We subsequently pushed to 10k afterwards.
Relatively low risk at these levels barring any unforseen news or traditional market crashes.
Beyond oversold, selling will be exhausted soon.
As 1h starts to turn, longer time frames will.
If your long is underwater anywhere from 93xx-95xx. Hold on you might get a lifeboat.
This filled the CME gap and has given the bulls more ammunition (people greed shorting here) to try another run at 10k which might break upwards.
Entry: 91xx-90xx
SL: 89xx
PT: 96xx-97xx
This is not fact and I am not an advisor, do not trade purely on my ideas.
Goodluck.
Relatively low risk at these levels barring any unforseen news or traditional market crashes.
Beyond oversold, selling will be exhausted soon.
As 1h starts to turn, longer time frames will.
If your long is underwater anywhere from 93xx-95xx. Hold on you might get a lifeboat.
This filled the CME gap and has given the bulls more ammunition (people greed shorting here) to try another run at 10k which might break upwards.
Entry: 91xx-90xx
SL: 89xx
PT: 96xx-97xx
This is not fact and I am not an advisor, do not trade purely on my ideas.
Goodluck.
Note
Have to ask ourselves what makes the big players the most money? Is it letting it just fly uninhibited to 10.5k? Or is it dump the price back to 8k suck a bunch of bears into believing it's going down and using them as rocket fuel for the push they need.My bet is on the 2nd option.
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