I have added to my short position from 36,500 and am expecting a retest of the local support at 35,500.
Just to let you know, that I'm having fun as a trader, I'm not taking this overly seriously. I started this run on Thursday morning with 250 bucks on my Binance Futures wallet - I'm practicing trading futures contracts for the first time.
I got up to 2500 bucks yesterday, and am just going to trade and see what I have next Thursday morning ... probably zero :) maybe 5k.
On the macro picture, I just want to point out to anyone thinking of going long:
Inside the yellow circles were heinous dumps, aka distribution by whales. And this happened twice! So please be careful, the dangers of going long is that the whales will just dump on you. And I don't imagine anyone having the balls to go long a third time.
So what will happen?
Pro traders will wait for the support to break... and until then we should have low volume choppy sideways action.
Just to let you know, that I'm having fun as a trader, I'm not taking this overly seriously. I started this run on Thursday morning with 250 bucks on my Binance Futures wallet - I'm practicing trading futures contracts for the first time.
I got up to 2500 bucks yesterday, and am just going to trade and see what I have next Thursday morning ... probably zero :) maybe 5k.
On the macro picture, I just want to point out to anyone thinking of going long:
Inside the yellow circles were heinous dumps, aka distribution by whales. And this happened twice! So please be careful, the dangers of going long is that the whales will just dump on you. And I don't imagine anyone having the balls to go long a third time.
So what will happen?
Pro traders will wait for the support to break... and until then we should have low volume choppy sideways action.