For those who missed the news, I closed my previous short in small profits due to price action not performing the way I wanted.
Therefore, I plan to short the key resistance level of 75k.
Currently, the green moving average of the CT Reverse Pi Cycle indicator is close to 75k.
My suspicion is price will retest the MA which will create a cascade of selling at that time.
My target for this trade will be 43k for the time being.
Therefore, I plan to short the key resistance level of 75k.
Currently, the green moving average of the CT Reverse Pi Cycle indicator is close to 75k.
My suspicion is price will retest the MA which will create a cascade of selling at that time.
My target for this trade will be 43k for the time being.