If you're still overleveraging around this $5K gap, stop now.
This is the kind of setup that has cost traders their entire stacks through unexpected liquidations. You think you have an edge then the gap hunts you from the other side.
That's roughly a $5K gap where a lot of leveraged traders could get caught on either side. Bulls see a fill coming for $BTC and pile in while bears wait for a breakdown that might hit $ETH next. I am arguing it is a classic squeeze zone that takes out both camps first.
Similar gaps have played out this way with $BNB showing the same choppy action lately. High leverage just is not worth it until the direction is clearer.
Where do you think this goes from here?
#Bitcoin #CryptoTrading #Leverage
This is the kind of setup that has cost traders their entire stacks through unexpected liquidations. You think you have an edge then the gap hunts you from the other side.
That's roughly a $5K gap where a lot of leveraged traders could get caught on either side. Bulls see a fill coming for $BTC and pile in while bears wait for a breakdown that might hit $ETH next. I am arguing it is a classic squeeze zone that takes out both camps first.
Similar gaps have played out this way with $BNB showing the same choppy action lately. High leverage just is not worth it until the direction is clearer.
Where do you think this goes from here?
#Bitcoin #CryptoTrading #Leverage
