Breakout moves can ignite trading momentum on the news front, but in the early stage of a bull market don’t chase. See if price can pull back to around 67588 and 66000 so you can enter long again.
At the same time, anyone who shorted at 67588 should wait for a pullback—close all the short positions at 67588. Usually there will be one opportunity to cover at cost or a chance to take a small loss.
Today we went all-in long on BTC at 64500 and ETH at 1940, and we ate a big move. The high-priced shorts look like they’re getting pinned up to 70,000, waiting for a retracement.#BTC #ETH
At the same time, anyone who shorted at 67588 should wait for a pullback—close all the short positions at 67588. Usually there will be one opportunity to cover at cost or a chance to take a small loss.
Today we went all-in long on BTC at 64500 and ETH at 1940, and we ate a big move. The high-priced shorts look like they’re getting pinned up to 70,000, waiting for a retracement.#BTC #ETH