@cpthunter
To sum up, the current price is in the middle region of the 4h supply and demand, where the risk-reward ratio for both long and short positions is not high. It is better to continue observing and wait for a break above 68,500 to new highs or a confirmed breakdown below 64,000 before entering a trend short position, which would offer a better chance of success and risk-reward ratio.
Moreover, quantitative strategies have fully turned bearish and are shorting. Patience is key to waiting for a structure with a higher level of certainty. Not making a trade means not incurring losses, and not losing is earning.
0 reply
0 recast
0 reaction