Don't get too exicted this might just be a trap and nothing else, entering the market now would be stupidity but exiting is also not a good thing to do, I'm just waiting for few more days to verify if this is a actual growth or just another pump. I have already set stop loss below resistance level so i don't care what happens now
It might be a trap for newbies but for well experienced traders they actually getting some profit from the $6200. So yeah we should still be very cautious for filling up orders and by now hopefully our bags are already full before the real bull run. Yet we should break those resistance first.
this here was a "trap" for newbies which happened 2 days ago.
you see how there is a sudden drop out of the blue with a big drop then followed by the panic sell that made the drop bigger and then stopped there? that is a fake dump. and it is even more clear now since you can see it never even lasted more than a couple of hours before jumping back above $7k line with a sharp rise.
