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Since the last review, we have broken through 38 and reached 36,700
And today, according to plan, we returned above 38K
Technically nothing extraordinary happened
The asset is moving within the ascending channel. The trend has been going on for OVER A YEAR 🤯
That is, in November last year the line was established and from that moment on the up-trend was started through some local corrections
It is obvious that technically the picture is conducive to correction
Now many are aiming for 40K
For me personally, the higher priority option is to reduce either from the current ones or through a short squeeze to 40K, there is no difference
That is, searching for a short, first of all, an argument for a short
The likelihood of a scenario with an aggressive exit above 40K and consolidation is much lower.
Let's put the accents right
An exit above 40K with consolidation is low probability for me. At the same time, I would really like to see him
Because the more the cue ball grows, the more the violas will swell later. Which for me are the main focus, cue ball to me insofar as
If we overcome 40K, the next stop may be at 48 or 52. There is no point in guessing now, we will analyze it as information becomes available
One thing that plays in favor of the bullish scenario is that short sellers are closing at a loss
Everyone is used to closing bulls in purchases. It was closed for a year and a half. But for some reason, the vast majority of short sellers who are now sitting at losses believe that sooner or later they will be released
Like the vast majority of those who sit in the cache and missed all the growth, they cherish the hope that before the halving they will still give them good discounts for entry
It’s this psychology that makes us not discard the option of reaching 40+
For many, we saw good growth. For many, we'll see. It's my opinion
The only thing we risk is time. Because savings of 500-600 days can stretch to 700-800. But it won't change the essence
Now buying alts is less risky than sitting in the cache and waiting for better prices
My personal opinion (you may disagree, your right) - violas can give a turning point, but they are guaranteed to reach prices higher than current ones
What does this mean? This means that it makes sense to include a grid set
And I will arrange setups for you, stay tuned 🫶
https://www.tradingview.com/x/Ub1raiV2/
