SOL / TetherUSShort
DEALERBTC $BTC $ETH $SOL My Thoughts: BLOOD STREET. DUMP IT ALL
Updated
I previously published a trade idea named "ARE YOU A SUCKER?" I definitely was not a sucker. Despite longing, then shorting, then attempting to long again, I did catch the short on Ethereum prior to its drop yesterday. I also scalped it short from current monthly highs. I tend to trade the lower timeframe but keep a focus of the larger timeframe. However, now I believe after months of consolidation, the bears are about to set the picture right on the larger time frame.
I believe that if July lows are broken, it would be a difficult task for the price to get back up to current levels without visiting BTC $31804,
ETH $1800, and SOL $30 first. Yes, I do believe BTC could trade lower than 30k, but for now I am just using the 30k as a benchmark to see how the overall market (alts) relatively acts. The more blood in the next 7 days, especially until the current weekly close, the deeper this goes. I also believe that it is likely for July lows to get broken. Moreover, with fed interest rate cuts approaching, a healthy market reset would be wonderful, wouldn't it? At this time, with the upcoming U.S. Presidential election in November, a lot of geopolitical issues may affect the markets.
I do go long and I do go short. I am a speculator, so I will take risks and speculate. For now, I believe many people will get a taste of what crypto really is.
This trade idea is not financial advice. I am not any kind of financial advisor.
Thanks for hitting the like button and for following!
I believe that if July lows are broken, it would be a difficult task for the price to get back up to current levels without visiting BTC $31804,
ETH $1800, and SOL $30 first. Yes, I do believe BTC could trade lower than 30k, but for now I am just using the 30k as a benchmark to see how the overall market (alts) relatively acts. The more blood in the next 7 days, especially until the current weekly close, the deeper this goes. I also believe that it is likely for July lows to get broken. Moreover, with fed interest rate cuts approaching, a healthy market reset would be wonderful, wouldn't it? At this time, with the upcoming U.S. Presidential election in November, a lot of geopolitical issues may affect the markets.I do go long and I do go short. I am a speculator, so I will take risks and speculate. For now, I believe many people will get a taste of what crypto really is.
This trade idea is not financial advice. I am not any kind of financial advisor.
Thanks for hitting the like button and for following!
Trade closed manually
I have closed my shorts and am currently long with stop below today's current low on btc and sol.
Send me a message for a special offer! Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
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