How long is this market still going to pretend it's strong? The fee rate is only 0.01%—the longs won’t even add the cost of the oil money. Why is it called a breakout? After an hour of six consecutive bearish candles, it drops 8.5%. The price keeps sliding down while sticking to the MA20. The 24-hour high at 10.95 is basically the ceiling. It’s enough for that nasty operator to wash the market three times. Shorting from here is just picking up money: enter at 9.37, first target 8.47. If it breaks down, it’s waiting to fill the big gap of the 7-day low at 5.99. Set stop-loss at 11.20 above. Exit and let the operator play by himself. Whoever believes it goes in—whoever goes in gets stabbed.
