source avatarMax Trades

Share

$BTC I’m not interested in shorting here. Everybody seems to have the same POI around $83.7k-$84.3k. While this is definitely a valid level to short, the setup has become extremely obvious and a lot of traders seem to be waiting for the exact same rejection. I personally would much rather wait for a clean reclaim of $84k. If buyers manage to break through that area, a lot of those shorts could get trapped and provide additional fuel for a continuation higher. In that case, I’d look for continuation longs targeting the unswept highs around $87k.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.