Hi traders,
The word is short squeeze. Many shorts have been coming in and there is a bullish divergence with this so the short squeeze is one of a few scenarios.
I personally looking to long BTC around 35k to 36k range based on monthly POC etc.
For now, I envision, if the short squeeze is the target then further lows to my 36k range. This would be perfect for fomo to come in and dump the accumulation of now onto the 42k or > 43600 range to rekt a short leverages.
I have my standard Moving Averages as the main resistance and if we regain the POC, we can potentially attempt new highs.
The 100 ma is the current support
Liquidity is the target now... also this also has the danger of being an ABC or a bear flag
The word is short squeeze. Many shorts have been coming in and there is a bullish divergence with this so the short squeeze is one of a few scenarios.
I personally looking to long BTC around 35k to 36k range based on monthly POC etc.
For now, I envision, if the short squeeze is the target then further lows to my 36k range. This would be perfect for fomo to come in and dump the accumulation of now onto the 42k or > 43600 range to rekt a short leverages.
I have my standard Moving Averages as the main resistance and if we regain the POC, we can potentially attempt new highs.
The 100 ma is the current support
Liquidity is the target now... also this also has the danger of being an ABC or a bear flag
Discord: discord.gg/JC7CDdJv (TradeToProspa)
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
