Twitter vs Musk drama continuing 🐑

18 Tem 2022

🤔On Friday Twitter will release it's earnings report so we can expect a lot of volatility that day.

🤔From technical point of view we have trendline that is acting like resistance and we have 32.00 level that is acting as support.

🤔Take a look at the volume at top.
A lot of people entered into long positions when they heard that Musk is buying twitter . Now, that the deal is postponed they are trapped and can be liquidated.
It's also very likely that their stoplosses are hidden below the 32.00 level so be careful as Smart Money might be willing to collect liquidity..

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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones