Maybe this is the top of the rising wedge, maybe not. Either way - it is unsustainable.
The volume was weak as hell too as it climbed.
It is pricing behavior like this that helps me understand why people trade with so much leverage in this game.
"Bearish divergence continuation for a clean 30% pump? Hell...let's leverage 30X on a $50k cost basis...fuck it..."
Good for them on the profits.
Going long here would be financial suicide. That is all.
Happy trading fam.
The volume was weak as hell too as it climbed.
It is pricing behavior like this that helps me understand why people trade with so much leverage in this game.
"Bearish divergence continuation for a clean 30% pump? Hell...let's leverage 30X on a $50k cost basis...fuck it..."
Good for them on the profits.
Going long here would be financial suicide. That is all.
Happy trading fam.
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