10000SATS PREPARING FOR LONG ENTRY

2 days ago

Hello, fellow crypto enthusiasts! How are you feeling this Tuesday? I hope all is well!

This is 10,000 SATS on the daily time frame. The system just flipped short under the 200 MA, but we don’t take short positions since we are in a bull market. Instead, we wait for the system to flip long again before entering the market on the long side.

Currently, the price is below the 0.786 Fibonacci level and has been printing lower highs and lower lows since August 24, 2024. Ideally, we’d want to see the following conditions met for a solid long entry:

1. The price flips above the 0.786 Fibonacci level.


2. It breaks the lower highs channel.


3. The price moves above the 200 MA.


4. The system turns long.



If all these align, it would present an excellent long opportunity. For now, though, all we can do is wait for the market to do its thing. When the time is right, we can act.

Remember, patience is key!