First of all if you liked my last call about the short squeeze and late shorts being targeted please drop a like or leave a comment to show your support as it means a lot 👍
If you follow my twitter you’d see on top of the that there was a chance Asia would pump the market and once $30,000 broke it was explosive and fast.
Hourly chart overbought, expecting some sort of pullback to test support and see if there’s buyers waiting.
$30,000 needs to hold on the next daily close to continue this momentum, Elon Musk has a big conference/debate tomorrow and I’m sure the market will react.
In 2019 before the major leg down we had a massive pump squeezing shorts before heading lower and that could be what we’re seeing.
If we head higher I’ll average into a short but I’m in a very very low leveraged short looking for that 3rd validation point (the x is the location / area of interest) and if that happens I’ll add size.
Closed the long from earlier, waiting to see some confirmation for a local bottom before touching any leveraged in a long position.
Flowing with the market is key, always remember to plan your trade and trade your plan 👍
Cheers, and remember to smash that like button if you liked my recent call on the short squeeze! 👍