Next Week: Breakout or Breakdown?
Conditions make the next week a pivot point for many assets...
While I don’t see a truly bearish scenario in the cards, there is the possibility that we could see a sharp pullback soon. That would be in the context of a largely sideways corrective movement. Not something that long term holders need to concern themselves with, but maybe a move that shorter term traders might want to play?
At what point are long side traders in “take profit” mode? And where would the next long entry opportunity be?
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