If daily candles close red we can expect a stronger probability of a continued bear trend. The price will likely take a much more extended period to recover and the bottom will be obvious, there is no strong reason to FOMO bullish just yet. Trade at your own risk.
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Price update. If we fail to retest 23k on the smaller time frames or close red under 23k I remain bearish on the one day with targets of 15-16k.
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🤔 Just some thoughts and opinions. We are most definitely still in a bear market if anything smart money is liquidating bears before the next swing down. The structure is more likely to hit some degree of consolidation for a longer period of time before a significant wave up.
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Market Remains Bearish. I have zero issues with price topping out an endless amount of times. The Market Can Remain Irrational Longer Than You Can Remain Solvent.
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Trade active:
25400 SL : Preset TP zones : 23K , 22k , 21k, , 20K, 19k, 18k, 17k TP are spread equally due to the heavy range volatility and undecided price action. Good luck.
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Closed 75% of the position early. It's more probable the market has another touch-up at 25k+ again. Yes its silly. But I will be shorting higher if that's the case. Smart money will constantly attack bears regardless!
Trade closed manually:
Closed full position at 23666. Price is more than likely to bounce from that area.