Well it's rare, but what a move from $ 100 area to reach $ 340 is in my book a little too rich. yes, read about the Koreans high volume that started with the EDX on the 21st June 2023.
Just look at TULIP trade, and that paints a real story as well, if one likes history.
From technical perspective 4-hourly has potential for re-visit of $ 340 area, but am not going long for something that triples in value just over some weeks. Very speculative move indeed, so instead:
Strategy SELL around $ 320-330 when seen and take profit at a modest $ 245. Stops am not sure in such lofty heights.
Just look at TULIP trade, and that paints a real story as well, if one likes history.
From technical perspective 4-hourly has potential for re-visit of $ 340 area, but am not going long for something that triples in value just over some weeks. Very speculative move indeed, so instead:
Strategy SELL around $ 320-330 when seen and take profit at a modest $ 245. Stops am not sure in such lofty heights.
Comment:
I SOLD very small leverage @ 302.00 FYI and will add near $ 330
