BITMEX:XBT has touched three times the support at 28,855 USD on the Daily. This pattern represents a short for me. I placed a short position yesterday to hedge my long placed since the bottom on the FTX crash on november 2022.
I don't have a target, yet. I will update my ideas on this trade.
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Target 27,600 USD
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We had a rally, however I don't buy it and will keep my short trade. It's very likely we will touch again the support at the 28'850 USD and then brake down, We will see.
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I'm still on the trade, short. Im seeing weakness on the market. Ido think we re gonna retest the 28855 support and then broke down.
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Its almost 2 weeks since we posted the short trade on Bitcoin. Today the asset touched again the 28'800 line of support and I do think we are goo for a leg down in the coming days, most likely next week. Or soon, you never know really. Stay tuned.
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WE did touched again 28'800 and the leg down was accomplished, I took 25% profit.
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And down we went... I took another 20% of my profit, after 13 days of holding the short we are still 55 % short in case another leg down.