$BTW No major rebound is expected in the short term. The bears are getting ready to act.
As Hao pointed out earlier, the major players showed little inclination to push the price up at the 2.0u support level. The price is continuing to slide—is it still possible to short?
Looking at the 4-hour chart, the price keeps falling, and there is little potential for a major short-term rebound. Hao believes shorting at the current price still offers good risk-reward. Short-term support is around 1.88, while daily support is around 1.50–1.42.
Smart-money data shows an outflow of $16.78 million today, and the bulls are still distributing.
Hao suggests shorting at the current price of 1.90, with a target near the daily support zone of 1.5–1.42.
$AKE #BTW
As Hao pointed out earlier, the major players showed little inclination to push the price up at the 2.0u support level. The price is continuing to slide—is it still possible to short?
Looking at the 4-hour chart, the price keeps falling, and there is little potential for a major short-term rebound. Hao believes shorting at the current price still offers good risk-reward. Short-term support is around 1.88, while daily support is around 1.50–1.42.
Smart-money data shows an outflow of $16.78 million today, and the bulls are still distributing.
Hao suggests shorting at the current price of 1.90, with a target near the daily support zone of 1.5–1.42.
$AKE #BTW