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#bitcoin long below 64000 target 66k 68k 70k 72k stoploss 58000 50x levarage

#bitcoin long below 64000

target

66k

68k

70k

72k

stoploss

58000

50x levarage

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Tomorrow is the fourth FOMC meeting of the year in USA! 📉 In the last 48 hours, Bitcoin has dropped, and altcoins have fallen even more, just like the last three meetings. But, after each FOMC meeting, the market has always bounced back strongly. 📈 We expect Bitcoin to reach its previous all-time high soon, so this is a good sign that our plan is working. 🐋
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The Bull Trap 🪤 A bull trap in the crypto market is a false signal or a misleading market movement that suggests the price of a cryptocurrency is going to rise, prompting traders to buy. However, after a brief increase, the price reverses and falls, trapping those who bought in expecting further gains. Key characteristics of a bull trap include: 1. False Breakout: The price appears to break out from a resistance level, indicating a potential upward trend. 2. Short-lived Rally: After the breakout, there's a brief period of price increase, enticing more buyers. 3. Reversal: The price reverses direction and falls sharply, leading to losses for those who bought during the trap. Traders can avoid bull traps by: - Using additional indicators to confirm trends. - Looking for strong volume supporting the breakout. - Setting stop-loss orders to limit potential losses.
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IO will be listed in a few hours. As mentioned before, newly listed coins tend to either spike or dip quickly. The first few hours post-listing are crucial for making profits. Use the scalping method: if the coin's price rises, hold until it begins to drop, then sell. After a week or two, buy during the dip. This strategy provides a market advantage with multiple coins at your disposal. This trend is common with most coins. I predict an upward price movement for IO in the first hour, so be prepared to profit. Take profits when it starts to fall and buy later. This is just my opinion, not financial advice. Always do your own research. I anticipate a $NOT trend. Good luck! #IOprediction #Binance200M #TopCoinsJune2024 #ETHETFsApproved #Launcpoll
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