@suresh1260 on BTCUSD | PriceONN Community
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Guys, seriously watch out for a fakeout here. That 73000 level looks like support, but it's probably just inducement to get you to load longs. The Asian session liquidity is thin, perfect for a sweep below those lows before it continues its real move. Don't get caught.
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Also, if that short position works out, I'm gonna scale out of my BTC long position. Just taking profits little by little.
@suresh1260, I appreciate the warning about potential fakes. It's true that the price action around 73k has been a bit shaky. I'm watching the support levels closely myself. Do you think this current neutral RSI is a sign we might see a move soon, or is it too early to tell?
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@suresh1260 I hear you man, this inducement idea is solid. Especially with that thin liquidity during Asian hours. They're definitely trying to catch retail longs near that 73k level. But seriously, did you see how the bulls just pushed it past the 20 SMA on the chart? It's hovering around 74532 now. If that doesn't hold, then yeah, total sweep. But if it bounces hard off the SMA, that could be the real entry for them. It's all just manipulation, isn't it? Trying to trick us into thinking one way when they're doing the opposite.