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$DOGE ready for the next moveđ
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Even if we do drop into the sub-50s as the bears predict, a structure or pattern needs to form first. Markets never move in a straight line, up or down. For BTC to reach those levels, weâd likely need to see a push into the 64-66k range to build enough momentum for a drop. That would fuel the next move down. In my opinion, itâs best to take it level by level. Right now, Iâm expecting a pump and will analyze the next move once that plays out.
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There are currently two close scenarios I'm watching for $BTC. On the left side, we have the 4H chart where you can see $BTC broke the important 200 EMA support, dipped below it, and after a bearish retest, it's heading down again. If this plays out, we could dip as low as 57k. On the right side, we are currently trading near the 200 EMA support on the daily time frame. A bounce from here could reverse the trend and give us bullish momentum again. However, breaking this level on the daily will confirm the bearish scenario. On the bright side, we haven't broken the bullish structure yet, and a reversal from here would create a higher low. I'm waiting for some time to see how the price action develops before deciding on further action #btc
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So, what's next for $BTC ? In laymanâs terms, we are still in a bullish market structure. From a bullish perspective, we've created a higher low. The first higher high was at 66,800, and for this pullback to be considered healthy, we should consolidate here a bit. Ideally, I'd like to see us break the previous high aggressively, not through a slow grind, for the next higher high. From a bearish perspective, any daily close below 59k would indicate we're heading back to 'goblin town.' To summarize: - Hold here, consolidate, and then aggressively push with bullish candles or - Break this range and close below 59k, leading to goblin town.
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â ïžSWING TRADE FUTURES(Use low leverage 8X) SEI/USDT LONG in parts â ENTRY 1: 0.4867 â ENTRY 2: 0.4740 â ENTRY 3: NA đŻTarget1: 0.4900 đŻTarget2: 0.4940 đŻTarget3: 0.5030 đŻTarget4: 0.5250 đŻTarget5: 0.5700 đšSL: 0.4390 Note: Swing trades analysis are done on higher TF and takes time to hit. Use TP1 for quicker profits. ONLY ENTER IF YOU CAN HOLD POSITION FOR FEW DAYS TO FEW WEEKS Best Strategy is to always book some profits at TP1, set the SL at entry and keep the profits running Like and follow us for more tradesâ #sei
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Entering $BTC on coin margin. Using 0.4 $BTC as initial margin ($26,000 at current price). Reward is 0.2 BTC or more depending on where I take initial profits. Ready to DCA heavily if the market allows. #btc
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