With price fast approaching the monthly low we can expect buyers to begin joining the market looking for support. This can be confirmed by the sentiment data showing that 82% of retail traders are long.
This figure is huge! If we understand that 90% of traders are wrong and 82% of the market is stacking buys, we can use this valuable data to bet against...
This week 09, we will be using ZSK21 as a chart reference.
There are few things that I would like to share:
(1) This morning the price was continuing the rally and created a gap upon opening. Price gap normally is closed within a day or two; so for a speculator, you can use this opportunity to short it.
However, please be aware that the overall trend is still...