‼️ URGENT 🚨 MARKET UPDATE ‼️
Market is trembling below $52K and when it was hyped and above 52K, I was of the view that if market is unable to stay above $52K it will collapse.
Markets needs correction and they should be monitored if you are in trade. Specifically when market has moved a lot and made new highs after a long time. They tend to fall and gather more liquidity.
Do you expect the each and every person in the market is making profits 🙅♂️?
Now i am expecting it is going to 50K and this is very crucial support line for BTC. If it doesn't hold this place then we might see panic selling and more downside is below this line 😑.
🔑 Keep a close eye on your liquidations because we might get wicks on both sides. Market is looking 👀 to squeeze long trades and will eventually fall below 50k and then may return to normal.
⚠️Please take care and monitor the market while we are in this area. Never open a random trade that you can't hold.
If we close below 50K then we are trapped below and might go down further.
🔑 Please remember one thing which is the most important lesson if you are in Crypto gor a while and want to Remain in Crypto for the coming days.
💎 Before opening a trade plan Worst and Best case scenarios and plan accordingly.
💎 If you are confident about your trade never believe in FUDs and FOMOs
💎 Your SLs and TPs are your only friends in both cases. Never get greedy or too lazy to close a trade thats not working as per your expectations.
💎 There are always bad trades and good trades. Accept both of them and there is always another fresh day for you to start.
Areas to watch
🎯 $50K is important support and should hold we need to close above it.
🎯 If we lose $50K we are going to $48K again.
🎯 $52K is our Bullish start line should regain and hold which is looking 👀 difficult to me.
🎯 Faith and Patience
