As of now this gives us a simple reason to keep an eye on holding 45.5K (it falls on an important trend line). The other, more important factor that comes into play is that the VPVR (Volume Profile Visible Range) for much of 2021 shows a large drop in volume support from 45.5K to 40.5K. This means that losing 45K could easily mean a quick drop to 40K, which as...
Looks like a standard accumulation pattern. Where retail traders tend to get wiped out.
A possible pullback in the short-term. 1.) Spot reserves increasing ❌ 2.) Derivate reserves decreasing ( profit-taking) 👀 3.) Estimated leverage ratio a bit high (volatility) 4.) Funding Rates 📉 Long-term still bullish
Maybe we can see cup and handle but i think that vera is ready for 10x leg