This is why persistence pays off. I had multiple scalps some winners some losers to figure this trade out. That is how I trade. I try and try and try until I have a feeling I am right. I then go for it and wait it out. This was the trade I was looking for days in advance. Of course I was looking to get more size as I had little size compared to what I wanted.

In crypto there are a lot of fake breakouts, a lot of games played on the tape, and lots of head fakes. After taking a couple losses I had a feeling this new high was going to be a fake out so I started short. After my idea was confirmed I started to add size which I couldn't get enough of. I wound up covering too soon as I often do, but it was a nice gain.

Feel free to leave questions in the comments below!

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All information in this post is my opinions and my opinions only. I do not advise you to follow my alerts and or trades. Do your own DD.