The little spike triggered my safety stop, so I gained 10% less than I could have if I'd closed at the local bottom. Not going to open another short for the moment.
Call me paranoid, but it was so quick and sharp that it looks just like stop hunting.
Call me paranoid, but it was so quick and sharp that it looks just like stop hunting.
I will start slowly reentering a short at $6,300. The last spike tickled my limit order on Mex but didn’t fill it. If we can hold the green candle for the daily close we might see close to $6,400 today.
I'm feeling in a similar way, but probably a bit less comfortable. Ideally, I'd wait for 6500ish and be quick and ready with stop losses. I've got a hunch about a run approaching 8k midweek (and then back). The hunch is Sources Omitted, Mouthlock Active.