So hard to not go all in here but the market has been doing these fuck Job moves on Sunday nights so there's danger
Be careful about sizing into MNQ too much if this does go all night there will be a violent snap stop out move in the morning to clean people out so just keep adding small pices make sure to keep your average low enough cause you don't want a 30 piece position om MNQ crashing at the same time your whole portfolio does this isna directional move need to be respectful
Added more MNQ long like I said earlier be very fuxking careful on this trade cause of this goes wrong your aren't just leveraging a short a against your portfolio your now long both so if for some reason this turns into a a losing day this is a 100k hot of you do it wrong
Bottom line got 10 MNQs and 40k bitcoin so far both have a stop below the days lows if it rolls over then I'll deal with it tomorrow, but if we start rocking tomorrow I'm going all in this is the squeeze day we been waiting for time will tell not even going to watch it anymore
There is the 20100 test seems like its somehwat absorbing it for now but the fact it isnt flying through it and punking buyers on stop outs shows some strength see if she holds.... stop at 20030 or add at 20150
I always tet to look at the market from the perspective of the other side of the trade, who is hurting the most right now looking for the move below 20100, it ain't longs, shorts now big time fucked on this gap that's why it keeps drifting into their number but it can't get through it, cause everyone just shorted that top looking for the 20100 break so their bids just keep creeping higher and higher
People think you can't read an L2, throw out a bod at 20100.25 and see how hard that bid is to fill..... there is a fucking boatload of shorts right now trying to get out on the other side of 20100 do every time it sneaks there it won't snap unless it does it in the middle of the night on no liquidity That's what a small cap squeeze looks like every short looking for that stop out move through the round nunver but the round number keeps holding firn Take a look at something like a 4 dollar small cap that went up 500 percent and hit a top at 4.50 well at 4.00 or 3.91 or 3.95 there is an army or shorts sitting on the bid just hoping it stops some shorts out at 4, but then it can't get there because all of the stuck shorts start walking up their bids because they can't get filled
21000 might not hold cause there is a huge difference in liquidity but that's what it looks like is going on in my mind, if it was going to fall apart it would have snapped 21000 already