One last post before I go to sleep: if the price decisively breaks below 2320, you can hold on a bit longer. A decisive break below 2320 opens up more downside, with 2255 in sight. You can position long between 2220 and 2255. I recommend 25–40x leverage, and make sure to manage your position size. I’m not one to average down; I prefer precise entries. But if you want to catch a big move, you can use the leverage I mentioned at this level. Keep it to about 5% of your position, then add as the price falls.
The market is likely to drift down the next day. If it moves sideways near 2320, don’t go long again—it could plunge below 2300 at any time. Don’t be lured by the sweet gains the market makers have offered to longs over the past two days.
The market is likely to drift down the next day. If it moves sideways near 2320, don’t go long again—it could plunge below 2300 at any time. Don’t be lured by the sweet gains the market makers have offered to longs over the past two days.
