Exited longs for now. Looked all good Yesterday until we received this weekend drop.
Although we likely close CME gap close to 84k, IMO, not worth holding this long through as weekends are unpredictable when they trend like this. Every drop lower sets the weekend low lower and weekend lows here have a high chance of being taken out next week.
Puts the long and also the bias at risk so getting out here is key to limit losses.
As much as it was my job to show you where and how to exit on the 8 wins we had recently on the backbone of the bullish bias throughout this range, now it's also equally much my job to show you how to do it when losses occur, as well as openly admit when my idea is wrong.
Even if it's less pleasurable, I'll be the first to tell you when that happens too.
So as promised, exiting the long here and taking a few steps back on leverage, not thinking about any trade soon.
Yes, range low sweep is possible, and yes, we could absolutely reverse all of it.
But we are in an illiquid weekend environment during a monthly close and with uncertainty of macro news (whether it will happen or not is unclear).
Going to sit aside here, just stay in spot and let the market give some serious confirmation first before g
oing long again.$WAL #walrus @Walrus 🦭/acc
