Bearish Volatility: A Strategic Approach to the Crypto Market

27 Eki 2023

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:

27 Eki 2023

İşlem aktif

Who says bears can't prosper? Our short position has been in profit for 48 hours, showing that bears are thriving in this market. 📉💰

28 Eki 2023

Not

We continue to stand by our current market assessment.