After $BTC broke out, a huge amount of leveraged long positions were opened. Now the market is pulling back to wipe out overleveraged longs before the next potential move up.
My plan is very clear: I'm currently on the sell side.
đ Short Setup
- đŻ Target: $80,700
- đ Stop Loss: $83,900
Once BTC reaches $80,700, I'll look to buy again.
đ Long Setup
- đŻ Target: $87,400
- đ Stop Loss: $77,500
Since the market has already broken out, I expect another pump. However, before that happens, the market may flush out overleveraged traders first.
First, the wipeout. Then, the potential pump. đ
My plan is very clear: I'm currently on the sell side.
đ Short Setup
- đŻ Target: $80,700
- đ Stop Loss: $83,900
Once BTC reaches $80,700, I'll look to buy again.
đ Long Setup
- đŻ Target: $87,400
- đ Stop Loss: $77,500
Since the market has already broken out, I expect another pump. However, before that happens, the market may flush out overleveraged traders first.
First, the wipeout. Then, the potential pump. đ
