$BTC keeps pumping and is approaching quality short POI's.



After the sweep yesterday we saw a little reaction and now pumping into the 67K highs.

Both the 67K highs and 68.1K highs are HTF short POI's for me where I want to aim for a larger position.

The move upward induced a lot of buyers and liquidity is stacked beneath those lows.

When Bitcoin taps one of my POI's I'll monitor the reaction and short after the trigger.

No longs for me as we're approaching the highs, scalps always possible but very risky.

68.1K is probably too far to reach today, so an exhaustion short at the 67K area is more likely tbh.

Price always has an expected move of the day, and 68.1K would be an overextension, statistically speaking.

Never say never of course, so only trading the triggers.

Could be in interesting week.
BTC1.89%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned