We have seen longs getting rekt for the whole week, now due to long/short risk trader are willing to drive price lower to 60k whic i another -10% move. Fed interest rate decision next week is already priced in and might only cause a 2 to 3% move in the market.
The best way to trade this pullback is to set buy limit orders at 61K, 60k, 59k, 58k with a risk of 10% for a 2X reward which is the double top.
The best way to trade this pullback is to set buy limit orders at 61K, 60k, 59k, 58k with a risk of 10% for a 2X reward which is the double top.