I've just put 4 short position orders around 70K, 71K, 72K & 74K.
There's a small possibility of political escalation that could affect the macro economics. North Korean troops have been mobilized to Russia. There's a speculation that those troops will be mobilized into Ukraine territory to support Russia's war anytime soon. $BTC $ETH $BNB
As long as $BTC price don't go below 57,000 again, there's a good chance of the price can coming back upwards. Since if it fails 57,000 test area could make it drop even further to 55,000 area.
$BTC $ETH This wide-ranged sideway movement is a good opportunity for scalping, either in future trading or in grid bot trading.
But please use a proper risk management. Set your leverage and margin carefully, don't go all in. A big movement can happen anytime soon if the market makers decide to drive the price into certain level, or if there's a sudden big news.
This week has been quite good for #MEW since it's moving sideway but in a relatively healthy movements. The range of the moment is quite wide, but the support lines and the resistance lines held up well. For future traders, you can gain profit from taking both long & short positions. Adjust your entry points carefully in order to maximise your profit
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You can benefit from the market volatility by putting grid bots and /or trade manually. Just remember to analyse each markets first before putting any positions.
$BTC bull run after hitting the last support on 57K area. In the short term, the bulls seems to have advantages. Let's watch closely of what will happen next. This could be a sign of the end of the bear market if the price could held.
58K support area has been breached! Now the bulls have to rely on 57K support area. If the price keeps on breaking the support lines, there's a possibility that the price can go back to last week's support area, not a good condition for the bulls in the short term.
On the other side, hard rejection has happened when 57K area was touched, a good sign of reversal if the bulls can push the price significantly higher.
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58K area seems to be a strong support recently. As long as the price is well defended by the bulls, the bear marker could end.
When my analysis is wrong (even for only once), people will call me a clown. But when my analysis is right, I never get anything.
Wanna know how much I get from writing 5-12 posts a day? It's 0.137 FUSD PER WEEK. Yes, you read it right, PER WEEK! I only get small portion of 5% trading fees if you execute a trade by clicking the chart I provided on each posts.
If you trade 100 USDT from my chart, the Binance trading fee would be around 0.05 USDT, and I only get around 0.0025 FUSD from your trade.
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