THIS IS NOT A DEAD CAT BOUNCE
the bounce from 2 days ago and 3 days ago were dead cat bounce.
but this rebound from 3600 is extremely strong and it is very likely to be a V SHAPE rebound. super down and super up.
even if we go long now, the random spikes down might kill us if our leverage is too high. but once it starts to shoot up, its going to move too fast for us to catch.
so if we were to go long now, we can only go in with a small sized order ( with a 200-300 dollars SL as buffer )
Not exactly sure how to describe but if this were a dead cat bounce, the shape wouldnt look like this. this skill is acquired from 10 years of looking at charts.
good luck!
the bounce from 2 days ago and 3 days ago were dead cat bounce.
but this rebound from 3600 is extremely strong and it is very likely to be a V SHAPE rebound. super down and super up.
even if we go long now, the random spikes down might kill us if our leverage is too high. but once it starts to shoot up, its going to move too fast for us to catch.
so if we were to go long now, we can only go in with a small sized order ( with a 200-300 dollars SL as buffer )
Not exactly sure how to describe but if this were a dead cat bounce, the shape wouldnt look like this. this skill is acquired from 10 years of looking at charts.
good luck!
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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.