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#BTC had a sharp jump in prices and has now retested the zone. The price holding the zone is very good; this came after the ceasefire news regarding the Iran war. Hoping for the best to pump higher.
#BTC attempted to sustain above the support zone but now closes below it. A large wick to the upside indicates sellers are regaining control, which might push prices lower. However, the structure still looks bullish, so a bullish breakout is expected.
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Here's the analysis of #PENDLE: #PENDLE is printing new lower lows after consolidating throughout February until now. As the price approaches support, it may react from there. This support is around $1.00; however, this does not mean a reversal. Buy for the…
#PENDLE dropped as per the call, and there was a short-term reaction for buys as well. The price moved up in buys for about 7.4% in profits and dropped from resistance around 7.2% again. Holding the short sells and letting it go for new lower lows to form.
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#BTC attempted to sustain above the support zone but now closes below it. A large wick to the upside indicates sellers are regaining control, which might push prices lower. However, the structure still looks bullish, so a bullish breakout is expected.
#BTC has again gained strength and printed a new higher high, but the sad part is that the price only wick-ed over it, failing to close above. Still, the bullish market structure and expectations remain strong enough for higher moves, provided the war situation remains neutral.
30D #DirectionalPremium near neutral and dipping below zero — bullish positioning unwinding, short-side interest re-emerging 📉🔴.
Classic sign of leverage reset and trend exhaustion — speculative appetite faded, perpetuals market fully reset ⚡️🎯👀
Classic sign of leverage reset and trend exhaustion — speculative appetite faded, perpetuals market fully reset ⚡️🎯👀
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