Secondary Entry for BTC/USD SHORT SQUEEZE
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Price has fallen below the 9k support area and seems to have bounced at a lower support. Lots of traders shorted this breakout that are now trapped. Price is slowly rising back up to the initial breakout level. I am expecting a breakout of the resistance followed by a short squeeze that has big upside potential.
As of writing market is accumulating below the $9050 dollar resistance. Great time to add to your position from the inital bounce or take a long entry anticipating the short squeeze!
As of writing market is accumulating below the $9050 dollar resistance. Great time to add to your position from the inital bounce or take a long entry anticipating the short squeeze!
Ghi chú
Just had the first Push up liquidating weak handed short sellers. Still plenty of stop losses left to trigger around the 9200 and 9350 levels. These shorter may decide to jump in long that could add to momentum.This all in combination could lead to a push for the 9500 level and beyond.
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