Here is what I am watching: To me, this looks like a classic Double Top scenario.
The buyers are exhausted from the rally, and we are hitting a "Ceiling" of supply.
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If we reject here: Watch out below. A failure at ATH usually triggers a sharp rotation back down to test support (the "Bounce to the Downside").
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If we break through: It needs to happen on massive volume, or it's a "Bull Trap."
My Advice: Do not FOMO buy right here.
Buying exactly at resistance is the easiest way to lose money.
You want to see a clear breakout and retest, or a clear rejection.
This is why I'm relying on Snap Trades right now.
My human brain wants to risk it, but the volatility is too fast.
The Snap Trades system doesn't care if we break out or break down.
It just waits for the volatility to "Snap" in either direction and executes.
It crushed the rally on the way up, and if we reject hard tomorrow?
It will signal Short and we will ride the slide down.
Be careful out there. Cash is a position.
JOIN THE BETA!
Ben Find Better Trades
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