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BTCUSDT - Attention to shortingLooking at the 4hr chart, uncertainty and short term drop to potential bottom of the channel is possible but... While i expect a fall to the bottom of the channel eventually we are now currently supported by the point of confluence at 31850 and we still have a buy zone at the 31k level this has already been validated as the previous drop ended straight in it. The sublime wave is opened and getting wider and we are losing money out of btc and spreading to the alts, however the VWAP and money flow tendencies are weak and the price can reverse at any moment. What does this mean? In this situation i would not short, or i would not enter a short right now, we need to remember that in the current hype situation a tweet can reverse a short in seconds, there are more money to be made on the upside.
by SublimeTraders
$ANKR/BTC 4h (Binance Spot) Falling wedge breakout#Ankr is on historical support and breaking out that bullish wedge, I am filling a bag here. It is hard to have a tight SL since we could be stop hunted easily, so I went for a wide one, same for targets! Current Price= 0.00000025 Buy Entry= 0.00000026 - 0.00000022 Take Profit= 0.00000038 | 0.00000047 | 0.00000062 Stop Loss= 0.00000014 Risk/Reward= 1:1.4 | 1:2.3 | 1:3.8 Expected Profit= +58.33% | +95.83% | +158.33% Possible Loss= -41.67% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 720h
Long
by TradingOn
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