GBPJPY: For this pair, I am only looking to go short at the top Levels which i have marked as that is where the real supply for sellers are waiting. Jumping into the market now to go short is not really a very good idea as this is the time for institutional to Hunt all the stop losses.
Too overpriced to buy.. avoid buying now
First SL HUnting had taken place. market will slide even lower to a bargain price.
Share price will drop to a bargain price to attract more buyers
I am only buying Bitcoin if the price is at $4k-$3K. so many FOMO traders will be jumping into the trade being so deluded from looking at the price which is at $11k.. why want to buy when the price is so expensive? rather take the risk of losing opportunity. its okay to lose the opportunity than losing your entire capital