Risky entry, yes I know. But its no fun without a little risk lol Really published this trade to see how they look when they play out live. May start publishing all of my trades to hold myself accountable.
Not saying its guaranteed to happen. But for peace of mind, Its the absolute only way I am entering a sell with all this violent wicking they have decided to do this week. Shows weakness to me and that its going to plummet but waiting for a break and retest will be the only way Ill risk the profit I have obtained this week.
Wouldnt long till it breaks supply. Recently I have treated the daily time frame as if it was a short term time frame. Trading at the nearest supply and demand and ignoring the rest simply cause its just too far away and anything can happen in between time.
Not excited to buy into this potential sell pressure so ill be stalking the sell options instead.