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7 FOMC meetings, 6 opening declines—statistically I have the edge, but I only add positions below qO to avoid getting squeezed.
We had 7 FOMC(s) this bear market, with 8th one approaching,
Out of those 7, we have dumped 6/7 times on the opening,
With only previous FOMC that pumped on the opening and dumped later as we were expecting it to.
Which clearly shows that there's a very high chance we dump on the next one as well (17th June).
I think 17th is gonna mark the lower high of this range and we will start dumping afterwards,
I am targeting for price to reach Low 50s after we form the lower high.
Also, the max extension that I can see price reach is 68-70k,
So, anything above 70k is a free short with targets around Low 50s.
Though, I will personally start adding to shorts below qO and DCA if we go higher, this is to avoid getting frontrun.