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$XNO most perfect Falling wedge Breakout retest
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Super quick positioning and bias tldr: // macro - Still bullish. - Late part of the cycle. - Still holding spot since early cycle, and profits taken out in the 2024 rally won't flow back in this cycle. // Medium time frame - Still bullish since 80k reclaim/trendline break - Still holding on to new positions taken after 80k trendline break + 90k range low reclaim (mainly HYPEAAVECRV) // Short time frame - Was already cautious and waiting for a trigger before adding new spot positions. - Now, after confirmation of breaking down below the range high demand, -> still cautious and see no reason to rush into new positions. - Looking for 2 triggers here: sweep of the current 100k lows, followed by a reclaim and trendline break with very tight invalidation. - Otherwise, I'll wait for the range to be low around the low 90s. - Or, of course, a miraculous bang back above the range highs. tldr; Macro bullish, slowly positioning in times of panic (early April latest), and now looking for another trigger or deep zone to load up a bit more spot. Short-term and mid-term cautious, and not adding new positions until either a setup forms at the range lows, the $BTC 100k lows are swept and reclaimed (with tight invalidation), or a significant move back above the range high. Lower time frames are noise for me at the moment, and I'm staying bullish on the macro, focusing on places to execute.
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🔥 Elon Musk Ditches DOGE, Slams Trump’s OBBB Bill After years of embracing his signature “Elon-style liberty,” the Tesla CEO is now taking a firm political stance—leading the charge against Donald Trump’s One Big Beautiful Bill (OBBB). Musk didn’t hold back, calling the bill: “A multi-trillion dollar debt bomb wrapped in the fake packaging of tax cuts.” He warned that if passed, “Our children will never be able to repay this.” and added: “This November, I’ll vote out every single person who voted yes on this garbage.” Elon also threw his public support behind Senator Rand Paul—a longtime critic of OBBB and someone Trump once attacked directly. Musk echoed Paul’s view that the GOP’s strategy of bundling tax cuts with a debt ceiling hike is just “classic fiscal fraud.” He went further, proposing a law to ban lawmakers from seeking re-election if they let the deficit exceed 3% of GDP. 👉 Surprisingly, this time the conservative base is rallying behind Elon, especially now that he seems to be distancing himself from the MAGA coalition.
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"You are the new Elon 😄"
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I wonder what’s coming next… 🤔
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