Hey, just analyzing the charts and being in a general bull market, following 2013 almost scary close, I think this is a bear trap, so those shorting work with a SL! You could still pull a decent amount on the drop with higher leverage but you’re getting into dicey territory.
The trade I’ll be taking is once I see a volume confirmed breakout at 36k, I’ll take a leveraged long to 42k, and quickly get out at $41,500. Nice little trade, ONLY if I see volume confirming the break out, if not sidelines it is!
God bless and good luck!
The trade I’ll be taking is once I see a volume confirmed breakout at 36k, I’ll take a leveraged long to 42k, and quickly get out at $41,500. Nice little trade, ONLY if I see volume confirming the break out, if not sidelines it is!
God bless and good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.