Ualifi Araújo
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Bullish
A new MONTHLY opening has been made, and the same pattern is repeating for the thousandth time so far (falling in the first week), this movement is no surprise to anyone, but the movement after the first week is what will matter.
Forming support in this region during this week is what the Bulls must do, thus we will form a higher low and agree that the worst is definitely over (last month).
As long as we do not reach $98K, neither side will have a complete advantage, and both will also be liquidated with each new movement...as was the case with the SHORTs during the last days of the week and now the LONGs at the beginning of the new week.
ZERO news here, wait for $98K...that is where the direction for both sides will truly be defined.
There was a large liquidation of LONGs in the last 60 minutes, which shows the over-leveraging, as we only fell on average -6%...reduce leverage during the first and second week.
Forming support in this region during this week is what the Bulls must do, thus we will form a higher low and agree that the worst is definitely over (last month).
As long as we do not reach $98K, neither side will have a complete advantage, and both will also be liquidated with each new movement...as was the case with the SHORTs during the last days of the week and now the LONGs at the beginning of the new week.
ZERO news here, wait for $98K...that is where the direction for both sides will truly be defined.
There was a large liquidation of LONGs in the last 60 minutes, which shows the over-leveraging, as we only fell on average -6%...reduce leverage during the first and second week.
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