5.19 Morning Thoughts
The big coin started to plunge in the early morning, reaching a low of 103000. Although there was a rebound visible on the 1-hour chart, the momentum isn't strong. The candlestick patterns seen at the high positions, such as the hanging man and doji, indicate market uncertainty. There may be further signs of a deep correction. This morning, we suggest shorting at the high of the rebound!
Big Coin: Short around 105000-104500, targeting 102500-102000
Ether: Short around 2460-2440, targeting around 2350
