🚨🚨 Bitmex Founder Arthur Hayes closed his BTC Short | King Scar on Binance Square

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🚨🚨 Bitmex Founder Arthur Hayes closed his BTC Short

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Here’s a simple breakdown of the Breakout Pattern you're seeing: 1. Resistance (R-1, R-2): These are levels where the price hits a ceiling and struggles to go higher. 2. Support (S-1, S-2, S-3): These are levels where the price finds a floor and bounces back up. 3. Channel Formation: The price is moving between resistance (top line) and support (bottom line), creating a channel. 4. Breakout: Finally, after hitting support and resistance multiple times, the price breaks out of the channel upwards, indicating strong buying momentum. 5. Previous Swing Break: After the breakout, the price breaks the previous high (previous swing), confirming the breakout. When this happens, it’s a strong signal that the trend might be going up. So, keep an eye on these key levels to spot potential opportunities!

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🥣#MAVUSDT ⚜ 🍷(DIRECTION)📊. 📬 Short (0.1572 - 0.1610) 🦋 TARGET : 0.1557 - 0.1543 - 0.1528 - 0.1511 - 0.1490 - 0.1470 🤡 STOPLOSS : 0.1634 ⛱ LEVERAGE : 10X Use 10% funds only Manage your risk accordingly Use recommended leverage👀 CMP short

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