The pressure is building. Be ready for fast and large moves. The square box is an area of importance to look out for where multiple scenarios can play out.
The bulls are fighting but I am almost certain that bears want the stops below 6000. If this plays out, expect a spike and have your buy orders ready (distributed of course).
I am playing both ways. Currently, have a short open from 7.115 that I will scale out with a potential to reverse the position. if we see a spike.
The bulls are fighting but I am almost certain that bears want the stops below 6000. If this plays out, expect a spike and have your buy orders ready (distributed of course).
I am playing both ways. Currently, have a short open from 7.115 that I will scale out with a potential to reverse the position. if we see a spike.
This one is risky with so close to major support but if stops will be triggered there is an oportunity for a massive spike down (like 500-1000usd) and that gives us great profit potential. Considering I am already in profit with my short, the best way is to protect it with a stop buy while waiting how this plays out.