#BTC Bearish Reversal Setup For BTC : My take: Bearish setup is plausible — but watch for confirmation
Right now, BTC shows many of the red flags associated with a bearish reversal: under-performance relative to moving averages, weak momentum, macro/investor sentiment pressure, and potential for reversal chart patterns. That said — nothing is “locked in” yet. Trend reversals in crypto are notoriously noisy, and false-breaks (“bull traps” or bear-traps) happen.
If I were trading or investing, I’d wait for a clear neckline break + volume before assuming a downtrend — and treat any drop as a risk rather than a guarantee.
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$SOMI It's dropping further , be careful while taking long. For now it's better to short for 34 hrs !! It may riseup with the bearish behavior of usdt in case ....
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$SOMI If you buy Somi even at this stage, it will drop further, if you want to rise it, you will short it. It counts the amount shorted and longed. It will move in opposite direction as per its profit.
$SOMI Many people have opted long position , so it won't rise till they choose the short, Somi has been waiting for more than 40 hrs but to no avail . I still suggest long with minimum amount , We have to compel it ..... Or it will move around the same figures. Even if you sell it, its value will be lower in comparison. These are the tactics of what they call liquidity. Bullish or Bearish are the terms used to deceive ppl. They are in their hands which way to turn and when to jump without giving you a chance to change the route !!
$SOMI When the traders choose to take the short position with maximum amount it rises up cos it knows the amount stored for its profit and moves down when we opt the long position !! Always try to choose the position against its show off !! At this stage it's showing it's coming down , traders will change the position and it will start moving up in no time with out giving you a chance to change.
$SOMI They know we are human beings , we also need to take rest and go to bed, they get maximum advantage of this. This long drop , what they call volatility is the way of loot infact !!
$SOMI It has lost its value , do not buy even at this stage. It will have to come down, the current status is nothing but a show off. Check the value of your assets b4 buy for shorting !!