Good call. You still think it could go down to your target of 8700$?
SlugLord
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@EspressoDopio,
If we manage to bottom out on the cycle we'll definitely see $8700.
We are fading the shorts up into the $10.000 - $10.800 area, with a main position placed at the bands ~ $10.800
Just like how we're fading our longs down into the $8700.
We are managing our position size in correspondence with different time frames, our next short is going in @ $10.200, with a ~20% position size in correspondence with resistance on the 4H.
EspressoDopio
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@Sillyboo, Makes sense. 10 k should be a decent resistance.