TOTAL FOMO Perspective

Crypto risk to reward ratio is not looking good right now unless you longed before the pump. There is a small chance of moving a bit higher, but not by much. There is a high probability of retrace. If I had to choose a direction right now, I'd choose short, but otherwise stay out until there is more data. Lots of people are going to fomo into this pump, and it's statistically likely they are feeding into shorts. Buy low, sell high. Don't long the top of a pump and hope to scrape an extra 2 or 3%

Commentaire:

Total market cap has been struggling at the marked resistance area for weeks. The price structure is starting to curve upward, and could break out if BTC momentum continues, $1.135T and $1.19T are the next two resistance targets