$TRUMP The Top 𝘿𝙖𝙣𝙜𝙚𝙧 ☠️𝙈𝙚𝙢𝙚 𝘾𝙤𝙞𝙣 is Now ready to Throw the 𝗣𝗿𝗼𝗳𝗶𝘁 𝗕𝗼𝗺𝗯𝘀 💰💣💸 I Salute and Gave Proud to those who believe in it During it's Crash Time , Now Let's see it's Bold Moves 📈 and Also Check my Top Notch Prediction🥱 About it and Tell me either am a 𝙡𝙞𝙖𝙧 or a Real 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙤𝙧 🙂 𝙏𝙧𝙖𝙙𝙚 𝙃𝙚𝙧𝙚 𝙛𝙤𝙧 𝙩𝙝𝙞𝙨 💰👇
Now Next Stop is 20💲Buy it Before it's Too late and always (DYOR) 🤓
This morning, I made some mistakes that cost me some of my gains.
Sleeping and experimenting with hedge mode. I managed to turn a winning hedge into a losing hand with liquidation at my door. I chose to cut my losses rather than risk it. Would have made a killing since the market favored me, but better safe than liquidated.
This was possibly the first post that makes any sense and doesn't read like a bot.
John Cina
--
Bullish
$BTC A significant event has occurred in the Bitcoin (BTC) market: a short position worth $91,250 was liquidated at a price of $97,695. This means that a trader betting on a price drop was forced to exit their position as Bitcoin's price rose to this level.
As of now, Bitcoin is trading at approximately $97,316, reflecting an increase of $1,159 (about 1.2%) from the previous close. Today's trading has seen a high of $98,350 and a low of $95,325.
Key Levels to Watch:
Resistance Zone: There's a notable concentration of short positions above $94,000. If Bitcoin's price moves into this range, it could trigger a "short squeeze," where short sellers are forced to buy back their positions, potentially pushing the price higher.
Support Zone: Significant long positions are clustered near $90,000. A decline below this level might lead to a "long liquidation," accelerating the price drop as traders exit their positions.
Trading Strategy:
Buy Zone: Consider entering a long position if Bitcoin's price breaks above the $94,000 resistance level, as this could lead to further upward momentum.
Target: Aim for a target price between $95,000 and $96,000, aligning with potential resistance levels.
Stop Loss: Implement a stop loss below $94,000 to manage risk in case the breakout doesn't sustain.
Alternative Strategy:
If Bitcoin's price falls below $90,000: This could trigger a downward move due to long position liquidations. In such a scenario, consider short positions with appropriate risk management.
Risk Management Tips:
Use Stop-Loss Orders: Protect your capital by setting stop-loss orders to limit potential losses.
Stay Informed: Keep abreast of market news and updates, as the cryptocurrency market is highly volatile.