High-Risk Trade: Yes, we broke a psychological level of resistance, on the 4H do we see the current retest now and push on up? I don't think so yet.. In my opinion, SLs were hit, and emotions hit harder. Rookies, will be revenge trading here, and therefore most likely going long - Referencing; Coinglass, as most retail traders are long. I like to do the opposite...
To all my fellow traders, times are tough if you had the mentality of Diamond Hands: A narrative painted and believed by millions. You need to understand, that this market is like any other. We have cycles. Thinking that we will only go up is naive, to say the least. I hope that through this experience we learn when to get out - as to when we in profit and when we...
We reached our expected zone of interest. Critical area we in now. A close above .991 with a pullback creating a HH is what I am waiting for to carry this run further up to 1.26.
One step at a time.
Price is currently at support, no surprise; everything is. The consensus, for the market as a whole, is bearish. And that is when I like to Buy. We have major wick rejection on the 4h at around the .78 region, with on the contrary just as much wick rejection at the resistance level from around the .82 region. Therefore that is our range. For the short-term...
