Waves has recently broken its medium term uptrend that has supported it for a few months. It just came back up and bounced off the lower side of it, proving its resistance. The next support that it will drop too is in the 50k sats range. Current downtrend is consistently curving downwards, indicating that a short quick drop down to the supply zone will be imminent.
Entry: 72k
Exit: 48k
Stop Loss: 80k
Entry: 72k
Exit: 48k
Stop Loss: 80k
Trade closed manually
Taking profit here due to the market turnaround, should be all longs from here on out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.