OMG! $BTC has hit 58k 🙆‼️This is absolutely crazy! 📉 The market is moving fast, but the real question everyone is asking is: Are we seeing a bounce here, or is there more dumping to come?
If you’ve been following us, you already know we were ahead of the curve. While others were guessing, we told you to short it around 61,800. If you listened, you’re currently sitting on some serious profit! 💸
So, what’s next?
Looking at the current structure and the massive liquidity pools building up, the path of least resistance still looks bearish. We are likely going to hunt that lower-side liquidity before any serious attempt at a recovery.
Here is the setup we are playing right now:
I'm adding some more short above 58,600 and may be one more at 58,900.
Target Zones
57,800
57,500
57,150
Keep stop loss in profit that's most favourable thing but if you want to use manual stop loss ,you can place above 59,700.
Follow @Panda Traders and turn on Your notifications .
#SamsungSKHynixSharesRiseYTD #DowHitsRecordClose AzerbaijanDraftsVirtualAssetBillRequiringCentralBankLicense#SupremeCourtBlocksTrumpFromRemovingFedCook StrategyAuthorizes$2BBuybackStrategyAuthorizes$2BBuyback
If you’ve been following us, you already know we were ahead of the curve. While others were guessing, we told you to short it around 61,800. If you listened, you’re currently sitting on some serious profit! 💸
So, what’s next?
Looking at the current structure and the massive liquidity pools building up, the path of least resistance still looks bearish. We are likely going to hunt that lower-side liquidity before any serious attempt at a recovery.
Here is the setup we are playing right now:
I'm adding some more short above 58,600 and may be one more at 58,900.
Target Zones
57,800
57,500
57,150
Keep stop loss in profit that's most favourable thing but if you want to use manual stop loss ,you can place above 59,700.
Follow @Panda Traders and turn on Your notifications .
#SamsungSKHynixSharesRiseYTD #DowHitsRecordClose AzerbaijanDraftsVirtualAssetBillRequiringCentralBankLicense#SupremeCourtBlocksTrumpFromRemovingFedCook StrategyAuthorizes$2BBuybackStrategyAuthorizes$2BBuyback
