Potential idea on $BTC,
Highly dependent on LTF PA development, ideal setup would look like:
- No further upside extension from here
- Market retraces into first DCA buy at 70252
- Monitor absorption, overseeing SSL governed by 4h close beneath key bullish S/R 69,288 or otherwise irrefutable selling volume
- Given clear bullish market structure reclaim with 1/4H close above 70352, DCA second position & trail hard stop loss to 68,593.
@astronomer_zero Funding rate being low is also a reflection of closed/stopped longs, not necessarily short aping. HTF liquidation levels are still massively skewed lower, also worth nothing we have strong Sunday sweep-Monday pivot high, a confluence for weekly bearish continuation.
Potential idea on $BTC,
Highly dependent on LTF PA development, ideal setup would look like:
- No further upside extension from here
- Market retraces into first DCA buy at 70252
- Monitor absorption, overseeing SSL governed by 4h close beneath key bullish S/R 69,288 or otherwise irrefutable selling volume
- Given clear bullish market structure reclaim with 1/4H close above 70352, DCA second position & trail hard stop loss to 68,593.