Hi guys! In the recent update, we wrote that we are waiting for the 42K retest. We are still waiting for it, but base on the current dynamics, it might not happen.
We do not have a clear answer whether it will or will not happen. No one knows that. But you need to have a trading plan.
Our plan was to buy on the breakdown of the previous ATH 42K. Which we did. On the retest, we planned to open additional positions. Now we changed our plan a little bit and opened full positions at the current market price. Yes, there is a possibility of a 10% drop. We should take this into consideration and calmly accept this risk.
In the case of a retest and a 10% drop, we will open additional margin positions, but if it does not happen, then we already have a position.
The chart shows the dynamics of the breakdown of the past ATH 19200. So far it coincides, if the dynamics continue, then it is very likely that we will not see a retest.
We do not have a clear answer whether it will or will not happen. No one knows that. But you need to have a trading plan.
Our plan was to buy on the breakdown of the previous ATH 42K. Which we did. On the retest, we planned to open additional positions. Now we changed our plan a little bit and opened full positions at the current market price. Yes, there is a possibility of a 10% drop. We should take this into consideration and calmly accept this risk.
In the case of a retest and a 10% drop, we will open additional margin positions, but if it does not happen, then we already have a position.
The chart shows the dynamics of the breakdown of the past ATH 19200. So far it coincides, if the dynamics continue, then it is very likely that we will not see a retest.
