Yesterday's shorts played out well with two successful positions, contributing to an overall positive day. However, overnight, a substantial swing disrupted liquidity from the upper side. Fortunately, I observed the move and promptly entered a short position at the peak with an extremely tight stop, which is now positioned at breakeven. I still perceive an...
Hey everyone, I want to share a simple take on our current trading situation. Right now, things are heading down, and I'm not looking to stop that. Every time prices go up, they meet strong selling, and there's a good reason for it. The price hikes happen because OPEC+ is cutting production, and the USA is buying oil to boost its reserves. On the flip side, the...
Advancing my gold trade following a support zone retest. Persistent selling pressure propels this trade, grounded in a fusion of price action psychology and fundamental analysis. Yesterday, an attempt to establish a new all-time high ended in a fakeout, falling short of a candle close above $2071. Consequently, profit-taking ensued, allowing bears to seize...
Solana (SOL) has exhibited a prolonged period of outperformance; however, it appears that this upward trend may be primarily a rebound from the FTX collapse. Presently, the coin displays a noticeable weakness when compared to other altcoins. From a technical standpoint, we observed a break below a significant support line, followed by sustained downward...
Taking a Closer Look at the Month Ahead, Keeping It Real with Fundamentals and Smart Money: Feeling Positive: Right now, the market's riding high on the bullish vibes coming in from the BTC ETF. But, you know the drill – "buy the rumors, sell the fact" – so, let's tread carefully; there might be a dip on the horizon. Downsides to Ponder: Not much negativity to...