In my opinion, it can be a good risk to reward.
We are in a state of suffering and the market must reach enough liquidity to change its direction.
So, either this movement wants to create a long upward leg, which is called the second leg, or Vaykof will move downwards to collect cash, in any case, your mind should be like this, buy in support and sell in resistance. 90% of people expect support and resistance to be broken. But the exact example of a glass remains, you may not be able to break it by throwing a stone at the glass 3 times, unless you throw it with a lot of force, the power in this market is the liquidity that breaks it, so until the market reaches its own liquidity, it will not change its phase. .
We are in a state of suffering and the market must reach enough liquidity to change its direction.
So, either this movement wants to create a long upward leg, which is called the second leg, or Vaykof will move downwards to collect cash, in any case, your mind should be like this, buy in support and sell in resistance. 90% of people expect support and resistance to be broken. But the exact example of a glass remains, you may not be able to break it by throwing a stone at the glass 3 times, unless you throw it with a lot of force, the power in this market is the liquidity that breaks it, so until the market reaches its own liquidity, it will not change its phase. .