To whom it may concern....
Yesterday's red candle was a leveraged long-squeeze.
But! You can only understand and be 100%-sure only after it has happened.
So, I'm kind of Captain Obvious....
But!!
When this kind of move happens, you should always wait for a reaction and how will Price Action develop. It's only possible if you trade:
- without leverage
- higher TF (H4-D1).
This strategy gives you a lot of time to think, wait and make a right decision.