Are we going for a retest of this or will we break out?

It looks like markets are making small bullish reversals (Or rather dead cat bounces?) on larger timeframes.
Currently YFI made a quick reversal, and gained nearly 20-25% from the bottom, and YFII may follow soon! :)

This is my speculation,and may or may not be true in future, if you are taking this trade, use proper stoploss and manage risk accordingly...
This is not any financial advice.

I personally bought only a small quantity with my YFI shorts which I closed last day. So, I'm long for short term only, unless it gets retested. Breakout is bullish (though very less likely)


Happy trading.
I'll update this again in sometime

Trade stängt: Stopp nått:

No, I got stopped out :)
p.s. I'm still short on my other YFI position since 35k, so the loss was mitigated.

Kommentera:

We reached the retest levels, I did get stopped out, and didn't enter because it was looking risky. I added on to my shorts using limited risk, and averaged at 2260 with a very loose stop.
Missed a potential long opportunity, but it's fine, and I'll look forward to the next one :)