Bears Lost their chance 3 times at 9800, higher lows and H.FOMO

Cant deny higher lows keep printing on chart and recent drop was bear trap
Halving FOMO plays on peoples minds
The price tested 3 times the support at 9800 and fires back up
not high volumes though
take some profit of about 50% then adjust SL for break even and keep it running

Yorum:

Recent PA invalidates this idea
Fighting to hold support at 9800
It may drop lower

İşlem kapandı: durdurma seviyesi:

FLIPPED TO SHORT SELL ftx perpetual futures ( for ref link send msg)
Target maybe as low as 8000
Trailing stop 100

Yorum:

The flip was exactly to 8000 as I noted before, the low volume at high price was too attractive to bears. The stop saved my ass however should have stick to tje plan of older ideas where I antecipated the dump.
However I missed this opportunity as waited for dip and could not place an order as fast as bitcoin dropped on liquidations of bears leveraged shots
One needs to have a plan of orders since crypto moves very fast and market orders results in huge fees, try to do limit orders when markets are steady