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CryptoSpecto
if you don't keep an eye on these two levels today at $BTC ‌ , you might end up losing your pants!!
The first one is 63500.
It dropped from 64200 and has been struggling to bounce back; if it touches that level again and can't break through, don’t hesitate, just short it!
The second one is even more exciting.
We have a parallel top at 64200; I bet it will hit that level, but whether it happens today is hard to say.
If it suddenly shoots up to touch 65000 and then reverses back down through 64200,
that’s a classic fakeout; close your eyes and short it, the waterfall is waiting behind!
On the flip side, if 64200 holds strong, I wouldn't recommend entering any shorts.
Remember in your strategy: around 63500, try a light short, set your stop-loss a few hundred points just in case.
If it really gets close to 64200, better to wait; don’t rush into it.
The market always punishes the impatient first, then takes out the timid.
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