In today’s market, particularly with large moves, there are three distinct groups of traders:
The first group consists of long-position holders who have their sights set on levels above $100,000, with some targeting as high as $1,020-$1,040. These traders are reluctant to exit their positions, even with the price hovering just below $990, as they expect further gains.
The second group is made up of those on the sidelines, observing the market closely. They are waiting for the price to rise above $100,000 before initiating short positions, hoping to capitalize on a significant pullback when the market corrects.
Lastly, there are those trapped in short positions. For example, my own average entry is around $970, leaving me caught in a 2,000-point loss, with some traders experiencing even greater losses as the market moves against them.
In markets, gains are often paired with losses, and only time will reveal how this situation unfolds. Let’s watch how things develop and adjust accor
dingly.
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