If you are shorting this parabolic breakout, you clearly hate money and enjoy serving as exit liquidity for the whales.
Look at the absolute disrespect $OPEN is showing to resistance levels right now. Everyone thought the rally was exhausted at 0.085, and instead, it went full vertical to smash 0.0929. The momentum is vicious, and those sitting on the sidelines waiting for a 'safe pullback' are going to watch this fly right past 10 cents without them. The bears are trapped, and the short squeeze is just getting started.
Here is exactly how I am playing this violent upside move:
• My Entry Zone: 0.0905 - 0.0930
• Take Profit 1: 0.0980
• Take Profit 2: 0.1065
• Take Profit 3: 0.1150
• Stop Loss: 0.0835
I am heavily positioned in this long setup and letting the trend do the heavy lifting. The train is leaving the station. Are you on board or watching from the platform?
$OPEN
Look at the absolute disrespect $OPEN is showing to resistance levels right now. Everyone thought the rally was exhausted at 0.085, and instead, it went full vertical to smash 0.0929. The momentum is vicious, and those sitting on the sidelines waiting for a 'safe pullback' are going to watch this fly right past 10 cents without them. The bears are trapped, and the short squeeze is just getting started.
Here is exactly how I am playing this violent upside move:
• My Entry Zone: 0.0905 - 0.0930
• Take Profit 1: 0.0980
• Take Profit 2: 0.1065
• Take Profit 3: 0.1150
• Stop Loss: 0.0835
I am heavily positioned in this long setup and letting the trend do the heavy lifting. The train is leaving the station. Are you on board or watching from the platform?
$OPEN
