Hello everyone,
as expected, yesterday it came around price we was waiting (39.2-39.7k$). 39.280$ and reverse.
I know, not 39.7k, my bad..
So we wanted Open Short there as we was preparing on it before it happend.
Right now, if you in trade- GOOD, but dont party before market show its hand. We may be in little profit of 2%, but there is still possible that we re-test around same price later today to either confirm/deny continuing of trend. You need watch market closly to weight in which probability is highier at time so you can close trade in Profit and re-enter when price re-test happen.
If you not decided to enter market, later today is highly possible we re-test highier prices , it would be good time to entry then. BUT it may not happen, chances are not that high but its possible and you may be missing out on move.
If you want Entry Short Right Now, you have to be willing take highier risk of potentional upside.
So you should choose depending on your Risk tolerance.
Good luck
Joe
as expected, yesterday it came around price we was waiting (39.2-39.7k$). 39.280$ and reverse.
I know, not 39.7k, my bad..
So we wanted Open Short there as we was preparing on it before it happend.
Right now, if you in trade- GOOD, but dont party before market show its hand. We may be in little profit of 2%, but there is still possible that we re-test around same price later today to either confirm/deny continuing of trend. You need watch market closly to weight in which probability is highier at time so you can close trade in Profit and re-enter when price re-test happen.
If you not decided to enter market, later today is highly possible we re-test highier prices , it would be good time to entry then. BUT it may not happen, chances are not that high but its possible and you may be missing out on move.
If you want Entry Short Right Now, you have to be willing take highier risk of potentional upside.
So you should choose depending on your Risk tolerance.
Good luck
Joe
