$LSK The buying pressure is nearly 1.5x of the selling already; it’s very easy for a breakout to overshoot the previous horizontal level. But what I’m worried about is that there’s an overbought condition on the technical indicators. This could easily lead to a sell-off with extremely high volume. Everyone should set an SL to avoid risk. There’s strong compression happening—just a slight push to build momentum and then it’s go time. Long if you’re betting on it; for safety, use spot. If you have plenty of capital and can hold through volatility well, then short. Place your entry a bit higher and wait for execution to catch the move when the pullback/sell-off comes.
$LSK