There are 2 likely scenarios;
(1) the price plummet further
(2) the price maintained and fluctuates for 7 days
I am leaning more towards (2) as it seems like buyers are just closing off positions for profits which prompted sellers' entries. However, due to the huge candle drop & buyers past strength, I am confident price will tank.
(1) the price plummet further
(2) the price maintained and fluctuates for 7 days
I am leaning more towards (2) as it seems like buyers are just closing off positions for profits which prompted sellers' entries. However, due to the huge candle drop & buyers past strength, I am confident price will tank.
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I have placed a long position with 2:1 profit:loss ratio.
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