This move looks like a classic liquidity grab, setting the stage for a deeper retrace unless reclaimed quickly.
• Watch the 0.5–0.618 retracement zone
• If price loses $99K, next downside target sits around $92K, the next major support level
don’t fight the structure, let the levels lead.
• Watch the 0.5–0.618 retracement zone
• If price loses $99K, next downside target sits around $92K, the next major support level
don’t fight the structure, let the levels lead.
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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.