Navigating Major Resistance : Potential Shorting Opportunities Ahead

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The market is currently facing **significant resistance**, which could impede upward movement and potentially drive prices lower. This resistance is described as **very big**, posing a critical barrier that may lead to a substantial price decline.

Traders should be cautious as this could result in **price levels dropping below current support**, intensifying market volatility.

For those looking to capitalize on this situation, shorting may be a viable strategy. The suggested short targets are **$64k** and **$58k**. By entering short positions at these levels, traders can potentially profit from the expected downward movement.

Key Considerations :

- Major resistance** ahead poses risks for upward movement.

- Potential for prices to drop significantly if resistance holds.

- Short targets identified at **$64k** and **$58k**.

Conclusion and Advice :

In conclusion, the presence of formidable resistance presents both risks and opportunities in the market. Traders should be aware of the potential for lower prices, making it a suitable time for short positions at identified levels.

It's essential to remain vigilant, monitor market trends, and execute trades with a disciplined approach. Always apply robust risk management strategies to protect against unexpected price movements and market volatility.