Post
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Mooo0oon
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The scent of betrayal 👀
Meta Planet Company
transferred today nearly 5000 bitcoins (368 million dollars) to new wallets after three months of inactivity
Are they planning to sell it off-exchange or just transferring to new wallets?
It is expected to be an attempt to realize profits at levels of 74,800 or in case of an upward movement 75,000 - 76,000
If the sale occurs in bulk (market), it won't just break 73,000 but will go to visit 69,500 where we tracked the whales at the beginning of the upward wave
However, if the sale order book is based on different quantities and price areas, this in turn, even if it doesn't cause a sudden sharp drop, will slow any upward attempt above 76,000
The betrayal sign:
If it reaches 74,800 and cannot hold above it with an hourly candle
And as long as there is no close below 74,150, this scenario is still not active
The largest sell orders for whales valued at 63 million usdt according to the order book map from 30 minutes ago were at the level of 76,000, and the movement of those orders started at levels
75,500 - 75,200
In an attempt for early exit
What's the situation with the upward movement?
A shakeout occurred at the price of 73,330.3 and rebounded strongly and is expected to target 75,000 - 76,000
But as you saw, this terrifying sell wall needs massive liquidity for the price to move above it
That's why focus on the number 74,150 and the closing below it
Be cautious and activate stop orders and trade carefully
Follow up to get the latest updates
$ETH $BNB #BTC #BTC☀ #Binance #Whale.Alert
The post is not a financial recommendation but a personal inference based on the data being traded.
Meta Planet Company
transferred today nearly 5000 bitcoins (368 million dollars) to new wallets after three months of inactivity
Are they planning to sell it off-exchange or just transferring to new wallets?
It is expected to be an attempt to realize profits at levels of 74,800 or in case of an upward movement 75,000 - 76,000
If the sale occurs in bulk (market), it won't just break 73,000 but will go to visit 69,500 where we tracked the whales at the beginning of the upward wave
However, if the sale order book is based on different quantities and price areas, this in turn, even if it doesn't cause a sudden sharp drop, will slow any upward attempt above 76,000
The betrayal sign:
If it reaches 74,800 and cannot hold above it with an hourly candle
And as long as there is no close below 74,150, this scenario is still not active
The largest sell orders for whales valued at 63 million usdt according to the order book map from 30 minutes ago were at the level of 76,000, and the movement of those orders started at levels
75,500 - 75,200
In an attempt for early exit
What's the situation with the upward movement?
A shakeout occurred at the price of 73,330.3 and rebounded strongly and is expected to target 75,000 - 76,000
But as you saw, this terrifying sell wall needs massive liquidity for the price to move above it
That's why focus on the number 74,150 and the closing below it
Be cautious and activate stop orders and trade carefully
Follow up to get the latest updates
$ETH $BNB #BTC #BTC☀ #Binance #Whale.Alert
The post is not a financial recommendation but a personal inference based on the data being traded.