to avoid deep cuts, have a plan for the price areas and for yourself to withstand the cuts but heal quickly. wishing you good health and success, my brother.
Trading Insight_DN
--
$BTC is no longer maintaining its range. There is a high likelihood of a breakout upwards and liquidity being swept above at $94,000 and $97,000. The expected timeline is on 08-10/03.
When looking at the daily frame, even if it sweeps up, it will only be a wide sideways movement. After the sweep, it will go back to the lower support and operate around the trendline and within the frame.
So those of you in the Short team should be careful of being caught in a liquidity sweep. My current view is that it will pump up first and then drop back to 90 and 86. You can refer to my view, and if you find it reasonable, you can apply it to your trading position. Good luck.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.