Be careful while going long
Hello Traders,
I believe it is extremely risky to go long at this point. While we did just break resistance in the form of the red dynamic trendline, we are about to hit the bottom of the Ichimoku Cloud at around 9900$ which will no doubt provide at least some resistance. We are approaching halving which will be a moment of high volatility. Trade responsibly and set your stop losses.
Other than that, have fun trading. Either way exciting times await.
Cheers,
Deimos
I believe it is extremely risky to go long at this point. While we did just break resistance in the form of the red dynamic trendline, we are about to hit the bottom of the Ichimoku Cloud at around 9900$ which will no doubt provide at least some resistance. We are approaching halving which will be a moment of high volatility. Trade responsibly and set your stop losses.
Other than that, have fun trading. Either way exciting times await.
Cheers,
Deimos
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