Hey, guys.
The scenario for the continuation of growth has been realized. The price has reached the target zone having worked out the local flag pattern. Technically, the price has formed a pin bar, which is a reversal formation, besides, there is a significant reduction in open interest, which indicates the closing of futures long positions. Therefore, I fixed most of the position and left about 10% in the market in case the price goes higher, but it is very risky and a bad place to buy if you are not in a position. The price is testing the downtrend.
But we can have a medium term similar pattern flag with targets of 75k, but at the moment it is unlikely as I think. I would like to see some correction and a test of supports before that.
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Stay tuned.
