Bearish Volatility: A Strategic Approach to the Crypto Market
Updated
In line with our previous analysis: Buying volume exhibits a decline, RSI indicates a weakening trend, and price action remains above the trendline. In the past 24 hours, the risk-reward ratio has leaned favorably toward short positions. To complement our previous insights, it's essential to note that Funding Rates have surged, and bullish traders are employing substantial leverage. As a result, a short position appears to be a prudent choice in the current market climate.
This is an upgraded version, with more indicators, of the initial short idea:
This is an upgraded version, with more indicators, of the initial short idea:
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Who says bears can't prosper? Our short position has been in profit for 48 hours, showing that bears are thriving in this market. 📉💰Note
We continue to stand by our current market assessment.
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