3 doji’s with the most recent candle looking ready to increase sell pressure at any given time.
Some time’s you need to remain patient as price action develops and wait for the right things you’d like to see for conditions to be met.
Asia likely destroys the market tonight, wouldn’t want to be in any leveraged longs as 25x longs will likely be targeted next.
Elon, Jack, and Cathie’s discussion lured traders into buying higher and now big money’s bags have been filled and liquidations will be coming for bulls soon.
36 hours in the overbought condition going sideways will be interesting to see how hard it comes back down.
Downtrend has 3 validation touches now and uptrend only has 2, bulls need to show strength around $30,888 or else we likely head back down to retest $30,000.
Stay safe fam .
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