Really if this can't hold would probably be a safe short opportunity with tight stops
acceptance back into range -> chop around & find weak alts that'll take a beating
Still of the opinion that a lower high is cemented smw in this area (within 10%)
Not really worth it for me to stay exposed right now, was able to catch and capitalize on most of the move up and seeing good indicators on both LTF & HTF that it might be time to derisk a bit
Remember USD is also a position
If you find something that gives you a statistical advantage, you should try and rinse it as much as possible b4 it decays
High frequency usually turns trading into a numbers game
More trades -> outcomes converge toward expected value -> lower variance per unit time (assuming the strategy actually has edge).
Most of what people call TA only works because markets are driven by crowd behavior. If enough participants react to the same levels, patterns, structures, those areas become self fulfilling
Edges you find in the chart get crowded fast, once everyone sees the same setup its wraps.
Anything obvious will always eventually stop working. Long term profitability usually comes from constantly being able to evolve. Refine models, adjust and find new inefficiencies.