The main liquidation level has risen, but it would be logical to assume a short-term spike near the $100k mark, without reaching it completely, and then a reversal downward. Why? Because a wave of newcomers will rush into the market, gripped by fear of missing out (FOMO), buying up assets on the spot and opening long positions. This will become an easy target. I prefer to trust fibonacci levels as they offer the optimal RR for most traders. The liquidation level at 66k converges with the 1,414 level! It's a magnet.
Horban Brothers.
Horban Brothers.
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Horban Brothers - Innovative finance. Join our journey:
Telegram Channel: t.me/horbanbrothers
X: x.com/HorbanBrothers
Telegram Channel: t.me/horbanbrothers
X: x.com/HorbanBrothers
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.