The Bear Looms, Ready to Break FREE from the Consolidation Zone!
Updated
1.Technical analysis indicates a consolidation zone, depicted by the orange box, implying no trading is advised.
2.For those expecting significant bullish movements, please refer to the linked Bitcoin post explaining why the bearish setup appears stronger.
3.However, if someone still wishes to go long, it is recommended to wait for the price to break above this consolidation zone.
4.If you have 25% of your previous bear position remaining, consider using that mark to close your final 25% position instead of going long.
5.The bears are already aware that we are awaiting confirmation around the 25k mark to resume our short positions.
Best of luck! Let's hope to capture substantial bearish movements.
If you have any confusions or doubts, feel free to comment. Your valuable feedback is appreciated.
If you enjoy my content, I recommend following my profile here and on various platforms linked to receive the earliest notifications of new ideas.
2.For those expecting significant bullish movements, please refer to the linked Bitcoin post explaining why the bearish setup appears stronger.
3.However, if someone still wishes to go long, it is recommended to wait for the price to break above this consolidation zone.
4.If you have 25% of your previous bear position remaining, consider using that mark to close your final 25% position instead of going long.
5.The bears are already aware that we are awaiting confirmation around the 25k mark to resume our short positions.
Best of luck! Let's hope to capture substantial bearish movements.
If you have any confusions or doubts, feel free to comment. Your valuable feedback is appreciated.
If you enjoy my content, I recommend following my profile here and on various platforms linked to receive the earliest notifications of new ideas.
Note
Further Targets : Trade closed: target reached
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