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#BTC #BTc #54k down⬇️⏬🔻📉
We reached $62k this week as expected: we have alot of volume at this area. After such a huge move i would be expecting a pullback to atleast 58700 in short term before any move higher.
Plan is simple: i would say we range for a while here between 58700 - 61700 then a fake a out with volume to around 65k then down all the way to 55k which would be my new swing long area. There is few things to keep in mind that there is still liquidity to be taken at 69k.
I would be more confident longing lower than shorting the pullbacks as its been really strong in the past days but you can give it a try with right risk management. The levels at 65k and 69k are just to show you potential liquidity levels we may hunt in the coming days.
My plan for this setup would be:
Long scalp around 58700
Long swing around 55k - 54200
We reached $62k this week as expected: we have alot of volume at this area. After such a huge move i would be expecting a pullback to atleast 58700 in short term before any move higher.
Plan is simple: i would say we range for a while here between 58700 - 61700 then a fake a out with volume to around 65k then down all the way to 55k which would be my new swing long area. There is few things to keep in mind that there is still liquidity to be taken at 69k.
I would be more confident longing lower than shorting the pullbacks as its been really strong in the past days but you can give it a try with right risk management. The levels at 65k and 69k are just to show you potential liquidity levels we may hunt in the coming days.
My plan for this setup would be:
Long scalp around 58700
Long swing around 55k - 54200
