My Devastating Loss in Today's Market Plunge ▲(A MUST-READ) A

Today marks the unfortunate end of my crypto journey as I've lost all my assets valued at over $2000 USDT, dwindling down to a mere $0.07 cents. I was trading Bitcoin and Pepe with just 10x leverage on futures. The recent market downturn has completely wiped out my entire portfolio, leaving me utterly devastated. It's distressing to witness how swiftly fortunes can change in the crypto realm. Despite employing what seemed like a conservative leverage, the market's volatility proved merciless.💔💔
PLEASE CONSIDER THIS SECTION: To all those who have supported me throughout this journey, I am deeply grateful. If you wish to extend further support during this challenging time, I would be immensely thankful if you could consider using the "GIVE A TIP" feature beneath this post.

Thank you, and I extend my sincerest apologies to anyone else who has suffered losses during this tumultuous period.

$BTC $PEPE #BinanceLaunchpool #cpi #bitcoinhalving #BullorBear #Memecoins

#TradeNTell

Here you can see a perfectly executed succesfull cup and handle pattern.

I bought in right above neckline (40300) and sold half of my position at TP1 (41300) and other half in TP2 (42100)

The position is perfectly executed and was pinpoint accurate except 2 things.

2 potential things that could have been done to make the position more profitable were :

1: I entered the position at 40300 where the neckline broke up to 40500 and gone for a retest at the neckline. but that breakout was failed and price was down to 39600. I coulda waited for it to touch the base line of handle and bought from 30600

2: 1 perhaps entered the trade at first breakout. I coulda been more patient and put order on a proper breakout confirmation so I wouldnt pay funding fee for days.

Other than that I think my execution was perfect for this trade.
*Key notes* :

When you look at daily chart you can see that 40350 was lowest bitcoin threw wick to since last month or so. thats why majority where bearish and got liquidated since they thought this fakeout was going to set BTC price back to 38k-36k range

If you look at daily and hourly chart between 19 jan and 22 jan you can clearly see how I decided for TP1 and TP2 points.

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#TradeNtell

$BTC Analysis

January 28, 2024

BIAS:

Mid-Term: BEARISH

Short-Term: BEARISH

As expected the price action of $BTC successfully filled out the FVG gap level which was marked between the $41,843 $41,574 level.

Currently, the price action is respecting its Horizontal Resistance level marked between the $42,229 - $41,973 level where it's consolidating in a compression level and trying to reject from there

MAIN INTEREST LEVELS

SHORT↓

$42,229

↑ LONG

$41,212

PREDICTED DAILY RANGE

$39,354 $44,447
#naughtytrader

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