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Going Long on bitcoin with stop loss at 5240

Long
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BITMEX:XBTUSD.P   Bitcoin
Going Long on #bitcoin for potential 5320is. Stop Loss at 5240. If it crosses 5300, there is a chance it can go lots of stop cover towards 5350. I see lots of people going short. Is this a perfect storm for lots of stop cover to happen?

I do not see bearish on the chart, sentiment or anywhere. I disagree with the big shots on twitter. I feel it is time for this to rise. Why is everyone getting scared after just one big rise?
Trade active:
If the price crosses the top green line, consider the chance of it to skyrocket. I will look for that as well.
Comment:
I have moved the stop loss to 5294 above my buy price. Hence, I won't hopefully make any loss. Now, looking at potential targets. 5320 stays .. But will it reach 5400?
Comment:
I have moved my target to 5335.
Comment:
I got stopped with no loss
Trade closed: target reached

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