"PRICE DOESN'T MOVE ON A STRAIGHT LINE"
Always re-consider there are people like you who are also looking to sell some of your position, some wanted to sell a lot and some want to speculate to short the market.
Regardless, this is just a gentle reminder that anything can happen in the market.
If you are in the FOMO aka "FEAR OF MISSING OUT"
There is still a possible re-entry on this upside since we can expect a price rejection and a complete parabolic formation with a retracement from $8,500 down to $7,800 - $7,600 which can happen next week :) *possible
If it does, you can speculate around this numbers as an area of demand.
Where it can give you a good risk to reward ratio instead of chasing the price.
But if The $7,500 holds within this area, expect another area of resistance around $9,000.
Buying around this area is very risky unless you are scalping and as I have mentioned earlier, it is already on a parabolic move.
Always re-consider there are people like you who are also looking to sell some of your position, some wanted to sell a lot and some want to speculate to short the market.
Regardless, this is just a gentle reminder that anything can happen in the market.
If you are in the FOMO aka "FEAR OF MISSING OUT"
There is still a possible re-entry on this upside since we can expect a price rejection and a complete parabolic formation with a retracement from $8,500 down to $7,800 - $7,600 which can happen next week :) *possible
If it does, you can speculate around this numbers as an area of demand.
Where it can give you a good risk to reward ratio instead of chasing the price.
But if The $7,500 holds within this area, expect another area of resistance around $9,000.
Buying around this area is very risky unless you are scalping and as I have mentioned earlier, it is already on a parabolic move.
