a clear channel on 1D suggests 10k as first target. If it happens you may consider shorting the retrace but I personally wouldn,t count on any rational behavior when we clear 10k.
FOMO may push this thing further. In general shorting this parabolic move up is definitely harder than longing so why not just long. Chopping movements are quite severe though so low leverage advised (I'm telling from experience;-)). In hindsight the 7500 seems the perrfect place for a nice 10x long and there were some who advised that. Check this guys out and unfollow the constant shorters (at least for the time beeing as their bias is crippling their reason). Good lucK and remember: LOOSING MONEY WITH YOUR INTERNET FRIENDS IS F U N!
FOMO may push this thing further. In general shorting this parabolic move up is definitely harder than longing so why not just long. Chopping movements are quite severe though so low leverage advised (I'm telling from experience;-)). In hindsight the 7500 seems the perrfect place for a nice 10x long and there were some who advised that. Check this guys out and unfollow the constant shorters (at least for the time beeing as their bias is crippling their reason). Good lucK and remember: LOOSING MONEY WITH YOUR INTERNET FRIENDS IS F U N!
Comment:
Almost at the target. Interesting how the shorts are piling up during this run.