This is a counter idea to my long position. Overall, it can just be a breakout, followed by a small pump and then rejected at the lowest median to previous support to consolidate for a little longer.
Comment:
Well it pumped, and i exited my long, but not convinced to open a short this low, will keep this idea open in case there will be chance to open a higher short.
Comment:
I only have levels on my XBTUSD chart, so right now im watching 680 and 720. We only broke 1 level and im not sure about it turning in support, so i will only short a break of 685 and a bigger short close to 7719.
But IMO its scarier and scarier to short just because we are under huge resistance at 7800, and a lot of stops(mine included) placed just above 7800.
But IMO its scarier and scarier to short just because we are under huge resistance at 7800, and a lot of stops(mine included) placed just above 7800.
Comment:
Short at 680 filled, now waiting for 720.
Comment:
Is that the doom we waited for? i dont know, maybe. First target at 550, so gonna wait.
Trade closed manually:
Was asleep the whole doom falling, closing now at 7322. It went way lower then i expected it, but its fine with me.