Even though my overall bias is to the downside and 48 was likely a liquidity grab before much lower prices, 44k low is the last solid market structure. Monitoring overall sentiment on crypto twitter and youtube , we can smell that bulltards like MM Crypto and his huge bunch of followers have placed stop losses just below 44k. Going long at around 44k could produce a nice trade. We have a good support to back us up , at the solid structure, we also have some upside room, 1:3 risk / reward easily.
Watching closely the quality of body and wicks of 1h candles around 44k area is my pull the trigger or let it go singal.
If price just slices trough 44 like it was nothing, next solid market structure is around 42k
Watching closely the quality of body and wicks of 1h candles around 44k area is my pull the trigger or let it go singal.
If price just slices trough 44 like it was nothing, next solid market structure is around 42k