The market is volatile. We expect the violent moves up and down to continue.
Since yesterday evening the price action paused , with the price moving on a $200 range (11600-11800). The high probability scenario would be for a drop sub $11,000 (10750-11000) followed by a move upwards. I wouldn't be shorting at this point as the market seems unsure for the moment
Invalidation of the idea, if the price moves first up above the B
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The market has moved already. Keep an eye on price action around 11k
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Just touched the buy box
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Ready for further downside. Inside the buying zone
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Further drop did occur
Watch for reversal pattern.
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Potential high probability scenario
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The trade is already profitable so it's a good time to increase the stop-losses (Move them at the higher price)