No change in view.
The market condition is long, an even considering the circumstances, it is clear market has created speculative longs.
The RSI is getting to extreme levels short- and medium-term.
Strategy is to ADD $ 115 once again and increase leverage slightly. Personally am comfortable with low leverage with an average of around 104.70. For new SELL current $ 112-113 and add $ 115. we trim around $ 98.90 and again $ 93.75 for now. The balance below $ 90 for now.
The market condition is long, an even considering the circumstances, it is clear market has created speculative longs.
The RSI is getting to extreme levels short- and medium-term.
Strategy is to ADD $ 115 once again and increase leverage slightly. Personally am comfortable with low leverage with an average of around 104.70. For new SELL current $ 112-113 and add $ 115. we trim around $ 98.90 and again $ 93.75 for now. The balance below $ 90 for now.
Note
added SELL @ 114.90 slightly higher leverage now.Note
new average after sell is $ 107.60. I will take back 50% of position at break even. Rest 25% @ 98.50 and 25% @ 93.75.Note
50% position trimmed at 107.60 break even. Will re-sell higher and will update tomorrow.Note
NEW SELL $ 111.20 25% again...average now $ 108.40 on short..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.