Hey y'all, I've got some free time & came here to let you know about our $BTC & $HYPE trade.
our anticipated full target is achieved & we're out from the trade.
Now: Avoid long positional trades for now, and do not open short positions immediately based on this update.
BTC is currently showing a rejection at a major upper POI (Point of Interest) level. From here, we could see a full reversal taking price below 57k, or, if buyers step back in, another expansion toward the upper marked level can be seen. And rejection from those area is most likely.
For now, the best approach is to stay patient and let the market decide its direction. Additionally, with upcoming FOMC and CPI data, the CPI release will likely act as either a catalyst for a strong bullish expansion to hunt upper liquidity or the setup for a final bull trap.
I’ll try to share another update right before or after CPI drops.
$XNY Note: I'm only sharing my perspective on this pair. Not a trading setup.
Huge Liquidity pending at the marked area. The market is likely to make an AMD setup (accomulation> manipulation>distribution) to fill the buyers & sellers imbalance.
I won't suggest you trading on this even if I accumulate it.