Crypto market have been on a bull run for the last couple days. Binance Coin has been the leader and breaks $2 billion cap.
Some would be inclined to short this pop, but beware of the momentum . Buy volume is still growing and showing strength.
I would expect a pause in this move to move to at least $18.40 and then $25. Be careful of trying to pick a high.
If looking for a short it best to wait for at least a blow-off top candle indicated by a wide range bearish candle on heavy volume. A safer setup would be to wait for a double top with a break of the 20ma daily.
Some would be inclined to short this pop, but beware of the momentum . Buy volume is still growing and showing strength.
I would expect a pause in this move to move to at least $18.40 and then $25. Be careful of trying to pick a high.
If looking for a short it best to wait for at least a blow-off top candle indicated by a wide range bearish candle on heavy volume. A safer setup would be to wait for a double top with a break of the 20ma daily.