After rejecting $50,000 and dropping more than $5000 there's a chance it may take a few weeks to break the big psychological resistance level, however there's still the chance this is the dip and now we're headed towards $55,500.
We've seen a relief pump since the drop and I'm expecting more downside after retesting the broken trend line, if $47,222 holds we can discuss long options, but until that happens I've decided to take a bearish scalp from the $48,000 level (give or take)
Will post an attachment to this post when I've closed the trade.
Please get this technical analysis to 30+ likes to unlock more content! 👍
We've seen a relief pump since the drop and I'm expecting more downside after retesting the broken trend line, if $47,222 holds we can discuss long options, but until that happens I've decided to take a bearish scalp from the $48,000 level (give or take)
Will post an attachment to this post when I've closed the trade.
Please get this technical analysis to 30+ likes to unlock more content! 👍
Trade active
a slight pump before the move playing out should be expected.
Trade active
Trade active
funding:now: 0.1392% 1 hour +
predicted: 0.1550% 9 hour+
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$47,222 is the current aoi
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Trade active
Trade active
fear & greed: 93 alternative.me/crypto/
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Trade active
added a little size to my short as we're nearing resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.