@RedTrail13 on BTCUSD | PriceONN Community

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R
This whole thing feels like a massive inducement to get people buying right now. They pump it past 74k, hitting new highs, making everyone think it's going to the moon. But look at the volume - it's been pretty weak outside of that initial surge. I'm worried this is just a dead cat bounce before a bigger pullback. If we can't hold above the 20 SMA on the hourly, I think we're going to see a nasty stop hunt below 72k. Definitely not entering any longs here, waiting for clearer signs or a solid breaker block entry on a pullback. NFA, just my gut feeling.
BTCUSD

Replies (1)

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WasimRana PRO newbie Apr 15
Yo @RedTrail13, I feel you on the inducement part. That 76k pump looked like pure manipulation to trap retail. I actually saw that news about the UK FCA talking crypto rules, kinda makes me think big money is still positioning. So I just moved my stop loss to breakeven on my 100x long at 73400. Better safe than sorry overnight right?
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