Price was testing support of 40K for a while now and every touch that we have here makes buyers weaker and weaker so soon we may have a breakout on 40K support and price dump to the next support zone that is 38K.
But as we can see there is a red trendline here and if it breaks then price can easily once again pump hard and hit targets like 45--47K zone.
DISCLAIMER: ((trade based on your own decision )) <<press like๐ if you enjoy๐>>
translation for yฤฑou guys: it can go up or down. and i have no long or short idea. but everything will happen as i predicted
MMBTtrader
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@metal_firtina_01, take a look at comments on the chart:((short it))---((long it ))
and you can see some of my past analysis that was long and short because technically that dump or pump was expected but here market need to pump but whales may hit stop loss of buyers so the best thing is to wait and update the chart with new supports and resistances that formed
and this was the purpose of this analysis to update the chart and take look at the new channel and ... that formed
metal_firtina_01
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@MMBTtrader, you deserve "great respect" by commenting and informing everyone that write comments on your analysis. thank you. it doesnt mean that i wont criticize your analysis in the future :) i understood your point. thank you for your efforts