Please read the reasoning carefully before taking this trade.
Entries = $61,049 - $59,273 - $58,228
Stoploss = 1D Close below $56,440
Let's first talk about the reasonings for taking this setup. The lower timeframe structure shift has happened both on $BTC and $USDT.D, we had an absolutely perfect bounce from MP VWAP (a script that I developed myself and made of multiple averages and vwaps and quite powerful it is) and we seem to have a deviation below $60K important support.
Now, coming to the part on why you shouldn't be taking this setup, simply because USDT.D has reclaimed an important daily support and it's sitting right on it, if it doesn't break below soon, we are in for trouble and finally the FUD which could play a role. I'd be traveling for the next 3 days and so there would be less updates. This is going to be a major spot position and if successful, we ride till $85K atleast. Short stands closed here ⬆️
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