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$SUI has recently experienced a 60% bounce from its recent lows, mirroring the pattern observed in $APT after a 66% decline from its listing.
Remarkably, $SUI has been closely following the footsteps of $APT in terms of the magnitude of the moves.
In my opinion, if we're going to see a drop, it will happen from the current level for $BTC. However, a decisive breakout above could lead to long positions targeting 28.4 and potentially higher levels.
Avoid short squeezes. Analyze trends: Bitcoin over alts, so alts will bleed. Small alt pumps are normal after weeks of decline. Wait for higher spot to short them.
📌Coin: $SUI/USDT (LONG)
Entry points: limit order at 0.7550 (during backtesting)
Targets: 30-60%
Stop loss: up to 30% of the position
Leverage: maximum x7 and leave some room for averaging down
*If the limit order doesn't get executed or doesn't reach the demand zone, remove it
📈BTC CME Futures:
There is still a gap at $29k that we would like to close. Once we break the channel and return to $28k, we can expect movement towards $29k to close the gap.
Pay attention to the #GAL coin.
A promising long structure is forming on the higher time frame. However, a bearish divergence on the 4-hour chart suggests a potential correction within the triangle.
I plan to enter a long position upon breaking the 1.214-1.239$ zone.
📈BTC.D - Dominance
As expected, after 2 months, we have witnessed an impulse in BTC dominance. Currently, all the volumes have shifted towards BTC, while altcoins remain stagnant and will initiate their own impulse after a BTC dominance pullback.
$BTC/USDT 2Week chart
Expecting bounce from 19970-21k range
Monthly chart going to kiss lower bollinger band line and could jump from that zone
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