Major cryptocurrencies face a huge options expiration event on the last day of 2021; therefore, expect high volatility in the days to come.
BTCUSD price will be affected by liquidity in the coming days. Some investors may have bet that the main stop-loss levels for shorts are at $48,000 and $44,000, and I think it would be undesirable and unwise to set stops if that's what you're doing. High price volatility will take away your account funds in a very short period of time, so to avoid losses, I think you need to wait. You need to remember that the market is not an ATM and we are all taking risks in trading.
BTCUSD price will be affected by liquidity in the coming days. Some investors may have bet that the main stop-loss levels for shorts are at $48,000 and $44,000, and I think it would be undesirable and unwise to set stops if that's what you're doing. High price volatility will take away your account funds in a very short period of time, so to avoid losses, I think you need to wait. You need to remember that the market is not an ATM and we are all taking risks in trading.
Comment:
Correction: stop-loss levels for longs are at $48,000 and $44,000
Trade active:
The stop-loss point for those who are long is the profit point for those who are short.
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