TonyTheBullSeverino
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Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.
Ugh, we didn't get a good enough bounce for me to consider the short, but it looks like it might be beginning. I don't want to jump the gun, but there is potential that this unfolds fast.
If you can risk a smaller amount and get into a short, this might be the setup. It's just not the best setup to be risk-free with a stop loss
But I am going to short here with a stop loss above $69,101
I don't love the risk management around this, but it is a rare moment the reward is just too big here to pass up this chance
Update: Dropped $1000 as I was typing this and I am going as fast as I can. I got my short in. I am sorry I couldn't get this written fast enough after noticing the retest failure on the daily. Nothing is confirmed yet. Be flexible and I will keep looking for moments where getting in makes sense