At 2nd support line, one can see after it broke slightly, the price is pulling back.
All late buyers (bought at 15,000 & above) are suffering, with some relinquish their position for fear of bigger losses. (Rule 1 : stick to your Stop Loss strategy)
Early sellers beware of short squeeze, take partial profits, reduce positions and adjust your trailing stops (Rule 2 : Consistency)
All late buyers (bought at 15,000 & above) are suffering, with some relinquish their position for fear of bigger losses. (Rule 1 : stick to your Stop Loss strategy)
Early sellers beware of short squeeze, take partial profits, reduce positions and adjust your trailing stops (Rule 2 : Consistency)
Note
Support 2 line is broken twice and rebound, signifying the selling strength is heavy and determined to push it lower. Be cautious now
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.