Tricky breakout to call
- philroycrypto
- May 8
- 1 min read
After the last pump I was convinced that we'd have a correction. However, the RSI dropped from overbought down to some low levels whilst the BTC price more or less stayed constant and alts chopped around a little bit.
Last weekend I was adamant that prices would break upwards but got a bit nervy in the week and was slightly underwater whilst also reading from Web3Quant that he thought prices would head lower.
In any case, I was cautious before bed last night and may have missed some gains.
The other point to note is that I also, after the breakout happened, closed some trades thinking prices wouldn't go too far into overbought territory. I think I want more patience with the pumps when it's just the lower time frames which are overbought.
Brought home some good profits and will assess things ahead of next week




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