CYBERUSDT LONG / SHORT PLANPrevious Trade Recap:
- I had previously gone long, taking profits partially between the ranges of 5.30 - 5.50.
- Some of the profits I earned were lost in a dump around the wick at 4.70, which was my stop level.
Current Observations and Scenarios:
- I have created both long and short plans at different scales based on significant areas and potential scenarios I anticipate.
- I find value in Cyber not only for short-term trades but also as a long-term investment. However, since it hasn't experienced a serious downtrend yet, it's challenging to estimate the bottom price. Thus, I'm making regular purchases at specific intervals to accumulate.
Potential Trade Setups:
1. Pullback to 5.18:
- If this level acts as resistance, I'm considering going short with a target of 4.7.
- If it shows support, I would wait for it to break 5.30 before making any trading decisions.
2. Revisiting 4.70 Levels:
- If we see the 4.70 levels again, I'll be looking for a long position setup.
Conclusion:
In my trading approach with Cyber, while I’m proactively looking for short-term opportunities, I am also tactically positioning for the long term. Constant evaluation of key levels and adapting my trade plan accordingly is crucial to manage both the potential risks and rewards.
