Short Play $BTC for those who love real action:
Entry: 63,800 - 63,900
SL: 64,270
TP: 63,500 - 63,200 - 62,930
Another false breakout from the old guard.
Tried to rally up and then got slapped hard right at resistance, now it's moving sideways creating lower highs.
Looking at the candlestick chart, the buying pressure is nowhere to be found.
The chance to test support below looks way stronger now.
Anyone still holding long in this zone better watch out for an unexpected drop.
If you're stubbornly holding long at this point, good luck, or are you waiting to get stopped out before you wake up?
Entry: 63,800 - 63,900
SL: 64,270
TP: 63,500 - 63,200 - 62,930
Another false breakout from the old guard.
Tried to rally up and then got slapped hard right at resistance, now it's moving sideways creating lower highs.
Looking at the candlestick chart, the buying pressure is nowhere to be found.
The chance to test support below looks way stronger now.
Anyone still holding long in this zone better watch out for an unexpected drop.
If you're stubbornly holding long at this point, good luck, or are you waiting to get stopped out before you wake up?