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#BitcoinPolicyShift If I am looking to take the long side of this trade I want to long BTC, XRP and/or ADA If I am taking the short side I am picking on ETH and SOL TRADE SETUPS The trade I have the most confidence in is shorting into the Friday summit. There is an argument to be made to just start shorting now but I would like to enter when price is much closer to the invalidation (close above 94.5k) If the market loves the summit and decides risk is on we won’t lose much by letting the dust settle. If I were over exposed to the market this is a good place to derisk imo. If price stalls here in the next 24hrs that is also a sign to me to get into a short position. The long setup is more risky imo. We just take today’s closure as a bullish sign and keep longing into the summit, derisking before it starts. Waiting for confirmation above the breakdown is a better risk/reward setup in my view. My number 1 priority is wealth preservation until easy mode restarts, buying the blood or confirming a bullish reclaim. 💎
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$BTC If I am looking to take the long side of this trade I want to long BTC, XRP and/or ADA If I am taking the short side I am picking on ETH and SOL TRADE SETUPS The trade I have the most confidence in is shorting into the Friday summit. There is an argument to be made to just start shorting now but I would like to enter when price is much closer to the invalidation (close above 94.5k) If the market loves the summit and decides risk is on we won’t lose much by letting the dust settle. If I were over exposed to the market this is a good place to derisk imo. If price stalls here in the next 24hrs that is also a sign to me to get into a short position. The long setup is more risky imo. We just take today’s closure as a bullish sign and keep longing into the summit, derisking before it starts. Waiting for confirmation above the breakdown is a better risk/reward setup in my view. My number 1 priority is wealth preservation until easy mode restarts, buying the blood or confirming a bullish reclaim. 💎
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#BitcoinPolicyShift 🕯 LEVERAGE ALPHA 🕯 💎 SHORT - $SOL 💎 ENTRY - ENTRY - 149.3-153.6 💎 LEVERAGE - 3-5x TP1 - 146.96 TP2 - 144.34 TP3 - 140.18 (trailing SL to 130 region) SL: Hourly closure above 156.85 Leverage 3-5x https://blofin.com/futures/SOL-USDT This is the area I am looking for SOL to face some resistance. If we "sell the news" a day early this is a good entry. If the market keeps pumping we take a stop and re enter higher up or switch bias on a breakout. The home run version of this trade involves a trailing stop loss at TP3 we can ride to retest of the range lows If the price is not in range on your exchange you can wait for a limit order to be filled deeper into the buy box EDIT: Slight adjustment to TP levels
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📊 Daily Crypto Market Update 📊
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