I usually don't trust the market on weekends due to low volume. But couldn't resist sharing this information with you all. If BTC re-tests the 24K zone again, the market can show a strong pullback. Shorting the market at low leverage (2x-3x).
Short only if the market goes above 24K and then shows rejection
Wait for a confirmation candle if shorting
Market looks extremely bullish as per micro sentiments hence invest wisely
My macro sentiments are still bearish hence spot traders are safe
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Feel free to provide feedback
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Exactly what I anticipated. BTC is down 2%. This came exactly after the big bullish engulfing candle was formed at 24K in 15 minutes timeframe. The market still looks volatile as we are going into the weekend. I am waiting for the market to move sideways for now maybe between 22k-24k.
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This isn't trading but an update regarding the above parallel zone. Same is working extremely well. I am very bullish in micro sentiments but we can se a significant pullback in the coming weeks.
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The market still looks volatile. I am more kinda bearish here since the market has not yet tested the 22K region ever since it broke the last resistance. I would suggest low leverage calls as of now since the market is moving sideways and can liquidate you very quickly.
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