Buyer closing positions
There are 2 likely scenarios;
(1) the price plummet further
(2) the price maintained and fluctuates for 7 days
I am leaning more towards (2) as it seems like buyers are just closing off positions for profits which prompted sellers' entries. However, due to the huge candle drop & buyers past strength, I am confident price will tank.
(1) the price plummet further
(2) the price maintained and fluctuates for 7 days
I am leaning more towards (2) as it seems like buyers are just closing off positions for profits which prompted sellers' entries. However, due to the huge candle drop & buyers past strength, I am confident price will tank.
Trade active
I have placed a long position with 2:1 profit:loss ratio.Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.