falsoquiebre
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🚨 ATTENTION WITH $lFARTCOIN/USDT IN THE PERPETUAL CONTRACT! 🚨
Watch out for this movement! While we saw a "ChoCH" and a "BOS" that seemed bullish, the price just touched a "Weak High" at $1.0759 and seems to be losing strength right there. This smells to me like a possible trap for longs before a bearish movement.
The zone from $1.1715 to $1.2179 presents itself as brutal resistance, a "Strong High" where the liquidity of buyers could be hunted. If the price fails to consolidate above $1.0759 and starts to show weakness, it could be an opportunity for a SHORT!
My view would be to look for an entry if the price strongly rejects that zone of $1.0759, perhaps with a Stop Loss (SL) adjusted above $1.1715, or even a little higher if volatility is high. The target (Take Profit) would be the "Strong Low" in the zone of $0.8590 - $0.8580. There is a lot of liquidity waiting to be hunted there!
Beware of manipulation! These types of "fake breakouts" are common to trick traders. It seems the market wants to go for the liquidity at the bottom. Risk management above all!
#cryptoshorts #falsoquiebre #bearmarket 📉 $LTC $BCH
Watch out for this movement! While we saw a "ChoCH" and a "BOS" that seemed bullish, the price just touched a "Weak High" at $1.0759 and seems to be losing strength right there. This smells to me like a possible trap for longs before a bearish movement.
The zone from $1.1715 to $1.2179 presents itself as brutal resistance, a "Strong High" where the liquidity of buyers could be hunted. If the price fails to consolidate above $1.0759 and starts to show weakness, it could be an opportunity for a SHORT!
My view would be to look for an entry if the price strongly rejects that zone of $1.0759, perhaps with a Stop Loss (SL) adjusted above $1.1715, or even a little higher if volatility is high. The target (Take Profit) would be the "Strong Low" in the zone of $0.8590 - $0.8580. There is a lot of liquidity waiting to be hunted there!
Beware of manipulation! These types of "fake breakouts" are common to trick traders. It seems the market wants to go for the liquidity at the bottom. Risk management above all!
#cryptoshorts #falsoquiebre #bearmarket 📉 $LTC $BCH
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