I've been talking about being bullish. Buying the dip. Waiting for a pullback.
Well we got it and everybody ended up getting bearish. We're to the point where I do expect there to be some resistance. If you're a counter trend trader, you could go short here. Get out if we get above the trendline we're rejecting from. Your target would be the short term demand zone that I've outlined. Still very possible we go there.
I'm not in it for the yolo high leverage bull that others are touting while putting $5 in a 100x short/long then screaming that they're the best trader in the world. Enjoy your McDonald's double cheeseburger. No. I'm here for the long haul and will continue being bullish as long as it pays to be bullish.
End of story. Lets watch the reaction here and see what comes next. To be fair, I'd love a pullback into the short term demand zone but I won't be sad if it doesn't come, either.