I'd like to note, if the trend channel is more like this, then we could also still see $6k or $5,800 having not actually broken out yet. In this event, we might see actual daily bullish divergence in RSI like we saw in April and another week or so of sideways trading before heading up. I still see no clear entry so Im sidelining it until the charts give a more clear indication. Either way, I feel we're pretty close to a nice relief rally at worst.
@majorlee, Yeah either super low leverage like 10x or under or watch for more clear indication. Each time we broke that trend before, we had a pull back of a few hundred $ before the rocket up so margin trade carefully!