As a day trader, I'd be happy to see prices drop down to 600 usd. Lower price would mean more volumes for the margin I use and a price drop would mean that prices are moving rather than stagnant.
Although even if prices drop below 1,200 USD, that low a price may not be sustained when sellers/profit bookers stop selling.
Although even if prices drop below 1,200 USD, that low a price may not be sustained when sellers/profit bookers stop selling.
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