$KOMA printed the move I was waiting on. That wick into 0.024 was not strength. It was liquidity.
This is a thin BNB-chain meme. Futures run the tape. Spot just follows. That is why the rip from the mid-0.01s looked clean, then stalled right under 0.0243.
I shorted 10x at 0.02427. Closed near 0.02. The coin only dropped about 17%. Leverage did the rest.
Higher timeframes still look like a bounce off the lows. Weekly structure is not broken. This timeframe is different. 0.024 is supply. 0.020 is the first line. Hold it and they can try again. Lose 0.018 and we likely revisit 0.015.
Do not marry the story. Fade the stretch. Protect the book.
$BR $CVC
#AnthropicCEOCallsForAISlowdown #BitcoinThirdSingleBlockReorgInFourWeeks #WhiteHouseRejectsAISlowdownCalls #UKMayExemptTokenizedGoldFromFundRules
This is a thin BNB-chain meme. Futures run the tape. Spot just follows. That is why the rip from the mid-0.01s looked clean, then stalled right under 0.0243.
I shorted 10x at 0.02427. Closed near 0.02. The coin only dropped about 17%. Leverage did the rest.
Higher timeframes still look like a bounce off the lows. Weekly structure is not broken. This timeframe is different. 0.024 is supply. 0.020 is the first line. Hold it and they can try again. Lose 0.018 and we likely revisit 0.015.
Do not marry the story. Fade the stretch. Protect the book.
$BR $CVC
#AnthropicCEOCallsForAISlowdown #BitcoinThirdSingleBlockReorgInFourWeeks #WhiteHouseRejectsAISlowdownCalls #UKMayExemptTokenizedGoldFromFundRules
