Scalping imbalances so the MM can punish late shorters

5 de jan. de 2022

I wouldn't risk it here however. There's a high likelihood that support must finally be 'broken' first before the bulls are ready to make a comeback. Just noting my entry point at support and probable exit points on the current trade.

5 de jan. de 2022

Trade fechado: stop atingido

Stopped out of the trade after 46.2k support did not hold.

Thesis remains, although I will not long support again. Will look to scope an entry somewhere below it when the time comes, or when a solid reversal candle finally presents itself.