If you're looking to short this market, you want to do it into supply, not into the washout. We'll know soon enough whether this rally has real legs. If these 3-5 day oversold bounces run into resistance and begin to stall, that's where I want to be putting on short exposure. $CIFR was the first name I stepped into today. If this market is headed lower, that's exactly the type of setup I want to be trading. On the other hand, if this market is truly ready to move higher, it should reclaim the 50-day moving average, continue building out the right side of these bases, and we will see volatility compress. That's the environment where swing trades becomes much higher probability. Until then, I'm letting price prove itself.
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