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@houdinicapital didnt we already “die” in february?
price has tested that support multiple times
why assume it will keep holding
on the 7th, 8th, 9th touch?
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@houdinicapital each test weakens the level
the more it gets touched
the less reliable it becomes
so why build a confident short
right into that area?
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@AwakenedPrimate I’m not following. I’m shorting here at a range high deviation, not at some support
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@houdinicapital thats the point
you dont understand
your target is support
simply put:
we’ve already been there many times,
which means the range itself has become weak
anyway good luck
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@AwakenedPrimate Ah yes I mean that’s my minimum target. My base case from previous posts is we go toward 1k
My bad, misunderstanding
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@houdinicapital got it, I hear you
but can you explain why this would happen?
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