The price flew up to $7200, broke through all the short stops and drove the bulls into the lobes of punchers, then instantly went down to the $6540 zone, which was indicated on the chart. This zone was a liquidity zone, because that's where all the long stops were sitting. This is the scheme of forming the rang of the next posts. Now we continue to marinate in the rang, but we can highlight the zone of interest sales at $7300. From there, you can try a shorts with a $7415 stop. The price may return higher for $7475, so put a stop at your discretion: wider stop, smaller position. P.S.: this is not a reason to enter the longitude up to $7300, because the price may not return there. In the medium term, I see a deeper correction, and on the horizon the seller has got a lot of bits on the hot wallet, so the longs are still a big risk.
Friends, thanks for your likes and comments!
Good luck with trading!
Friends, thanks for your likes and comments!
Good luck with trading!
