One-sided presentation, bulls should take a good look at the picture!
🚨 Hint: A one-sided movement is definitely coming out tonight, the US stock market will open and flood out 🚨
Happy weekend! After the false breakout, there was a big pullback, and last night's market didn't have much to say. The false rebound tricked you into getting on board, but you were determined to follow the trend and be bullish. Let’s not talk about how much you can make on your short position, but at least your trend should be correct. Last night's one-sided approach was clearly shared with everyone, whether you followed it or not, you could clearly understand how to trade, and retail investors should avoid being like headless flies looking for direction in the market!
First, let's talk about it. Yesterday during the European session, the pullback at the 106600 line saw a crowded entry of bulls. Even if you decide to go long, you should check if the resistance at 106800 can be broken before entering. Did the triangle pattern’s top even reach the resistance level and you still consider going long without thinking?
How many short positions have entered at 106400 in real-time, and how many can hold on? Is a 4000-point trend not appealing? Ethereum 2550 shorts, lowest pullback at 2363 line, thinking about what with nearly 200 points? Last night, the live session basically took profits, right? The 2300 Ethereum also let you see, still the same saying: refuse all hindsight trading!
During the day, there aren't many good entry points, the short-term strategy focuses mainly on shorts with a minor emphasis on longs. Bitcoin/Ethereum can be traded short-term, profit timely exits. Don't think about the pattern for the weekend's trading, as for altcoins, there's even less to say. This week’s trading has been fully enjoyed, and everyone should have a good rest. See you in the comments...
