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Both the bulls and the bears are having a rough day, my followers. If you’re flat, I think a short at 2275 will soon catch a liquidity grab: price will lure bulls up to 2275, then grind sideways before selling off, grinding and grinding until both bulls and bears lose patience. Then one big red candle drops, leaving both sides stunned and ready for a nap. I didn’t have an image, so I found a pizza. The first 500 followers to follow will get a two-year subscription. I believe the more articles you read, the better you’ll understand the market. Be patient. When you follow my trades, except for urgent order adjustments, which are market orders, I basically use limit orders. Neither longs nor shorts are suitable at this level right now, but if I were flat, I’d place a short order around 2275, with a stop loss at 2280, 100x leverage, and 6% of my position. For a long, use 3% of your position to go long around 2253, take profit at 2274, and set a stop loss at 2241. The breakout around 2220 is very important. Once that level breaks, the way is open to 2130–2150. People have always thought that the further down price goes, the harder it is to fall. That’s not right—actually, the further down it goes, the easier it is to fall, because there hasn’t been enough turnover at the bottom.
Wishing you prosperity