Historically august is an either slow or tough month. Halving is over and alot of negative news. Perfect timing for whales to play the scalability FUD throughout the month to load up for next rally.
Good time to play the bearish momentum with a short or wait for load up zone to go for a proper long instead. Short now will have low risk/reward ratio but the long after will have a juicy risk/reward ratio.
Good time to play the bearish momentum with a short or wait for load up zone to go for a proper long instead. Short now will have low risk/reward ratio but the long after will have a juicy risk/reward ratio.
Trade closed: stop reached:
Just went sideways so exiting position for now
Trader4life, with some berries on top