*the bottom fishing order is super risky*
After 2 sell-offs, the volume is starting to dry up
This area usually consolidates below resistance, and the whale longs are still increasing.
This is a setup that can easily bounce back after the shakeout. Or at least, we might see a technical retracement before more selling pressure.
L/S 4.9x, whale longs are getting stronger.
Support zone 76k3–76k7 is not small.
If it wants to break this zone, it's going to need to swing a few more edges.
I'm holding an order $BTC here. Tomorrow morning, if the price drops further, I'll reassess and look for a spot to add more orders to fill the volume.
#CryptoMarketRebounds
After 2 sell-offs, the volume is starting to dry up
This area usually consolidates below resistance, and the whale longs are still increasing.
This is a setup that can easily bounce back after the shakeout. Or at least, we might see a technical retracement before more selling pressure.
L/S 4.9x, whale longs are getting stronger.
Support zone 76k3–76k7 is not small.
If it wants to break this zone, it's going to need to swing a few more edges.
I'm holding an order $BTC here. Tomorrow morning, if the price drops further, I'll reassess and look for a spot to add more orders to fill the volume.
#CryptoMarketRebounds