The pattern still holds true it seems but since this was a scalp i would have taken any profit for the next few trading days. Not bad for a few hours work. Cheers everyone
But new opportunities could present itself with 8k level being a major support line. A true break of this retracement level could signal for significant bearish return to 6.8 or even lower to 4.7. Hard to tell but seem depth chart could provide insight to other players strategy.
Something I constantly do is determine whether my positions are one based on emotions or logic. If I can't quickly provide a logical reason, then I demand myself to exit or develop a solid long term plan for the asset. Otherwise, I have no business playing in it.
Hence why I don't play with low-cap coins.