Bulls in control.
Overleveraged traders washed out, likely revenge shorting hoping for 4700, but retrace is already complete. Which was the one they fuelled by SelfRekt™
$450m of MEX short liquidations. Its big boys and some retail of course.
Difference is that big boys will be back to trade the trend. Retail will short in disbelief.
Up.
Buy 5k, FOMO will be strong.
Overleveraged traders washed out, likely revenge shorting hoping for 4700, but retrace is already complete. Which was the one they fuelled by SelfRekt™
$450m of MEX short liquidations. Its big boys and some retail of course.
Difference is that big boys will be back to trade the trend. Retail will short in disbelief.
Up.
Buy 5k, FOMO will be strong.
Kommentar:
5.5k retest failed, buy 4700!