The reversal should be in anytime soon !!
More on downside than upside… max we should see 65,600 and that too if we are really lucky 🍀
This is from the perspective of Price Action (PA) and volume analysis. ETF’s are seeing continued outflow, US govt is trying to come after Tether !! Market hasn’t taken any direction so more of a bearish action is expected but having said that as I always say no one can time the market and only calculated probabilities can be discussed and shared !! strong coins showing weakness like TAO loosing momentum, ETH not looking to good and in case of downward pressure it should test 2,400 range TAO lost 72% of its value in just 32 days and let that sink in.. FET, RNDR, MEME, TON, INJ, ZIG showing no proper bullish signs, BTC dominance on break out !! What should we expect, that could be anybody’s guess and in no way my idea is to create FUD but to make sure none of us loose money in a bull trap, only a break and sustained 67500 can confirm we are on the bull side and have crossed the chop chop part of market, which I doubt in near term future.. max upside as per liquidity level on very HTF so far is 79-80k but that is from the available data as far.. stay cautious avoid leverage and don’t buy on the top if there’s a dip to come buy on the dip and don’t DCA… professional traders don’t add to losing trades no matter how brilliant the idea looks but practically speaking you will trap all your money in DCA… add to your winning position.. retail and individuals have this psychologically of adding to
loosing positions while cutting to winning position? Ever heard a professional fund manager doing the same? No !! They are quick to cut the losses…
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