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UnknownUnicorn2089696
Jul 20, 2021 9:28 AM

Buy the panic selling Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

We are currently at a really strong support zone. Its a good opportunity for buying some longs between 28.800$- 29.500$ with a tight stop loss below 28k$ and first take profit at 30.500$~ and second take profit around 32k$-33k$(10%+ ~)

Stay calm and don't fall in panic.

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We smashed above the 30.500$ area(our first take profit zone) and now its important to hold and gain this area as support. If not i see 29.900$ - 29.600$ as next local support/buy opportunity.

Comment

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We took a short hedge between 47.000$ – 48.000$. Also looking for adding some more longs at (First take profit for our short hedge)44.500$~ and between (Second take profit for our short hedge)42.000$ – 40.600$.

Mostly we don't close fully our trades a having still some runners left.

Comment

Next target is 51.000$ area.

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Seems like a dip arround 48.750$(long).

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1H

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We bought this dip at yesterdays vwap average. Take profit target: 51.000$

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