Hi everyone,
Hope your trades are working out well, it seems we will be meeting the 200 -SMA at around $22.500,-
On your left you will find the heatmap where liquidity can be found in large orders between $19.500 and $22.500,-
Optionmarkets showing puts at around $24.000,- which could tell us further downside seems likely.
Technically we are likely to drop 16% upcoming 2 months, we will breake out of this falling wedge, I do expect a good bounce in August.
Don't forget institutions are waiting to get in, open interest ready to get up as well.
Stay safe,
Hope your trades are working out well, it seems we will be meeting the 200 -SMA at around $22.500,-
On your left you will find the heatmap where liquidity can be found in large orders between $19.500 and $22.500,-
Optionmarkets showing puts at around $24.000,- which could tell us further downside seems likely.
Technically we are likely to drop 16% upcoming 2 months, we will breake out of this falling wedge, I do expect a good bounce in August.
Don't forget institutions are waiting to get in, open interest ready to get up as well.
Stay safe,