GLMR.Usdt (Y22.P1.E6).Looking for the bottom
Hi All,
#GLMR #Moonbeam
With my bearish stance on BTC and a potential deeper correction (refer to my BTC streams and SP500 scenarios) we can potential play the channel or capitulate (yellow path).
The capitulation would be a fantastic quick result and much easier to deal with for an entry to go long.
Here, the yellow path will fit into the bump and run strategy very similar to the BTC 2019 bottom.
Follow this story with some daily or weekly updates.
The broadening wedge bottom could be a last effort bounce but I think it will not hold and then the channel comes into effect. Shorting all the way down would be fantastic.
Note: if it does capitulate, buy the bottom and stake it.
All the best,
S.SAri
#GLMR #Moonbeam
With my bearish stance on BTC and a potential deeper correction (refer to my BTC streams and SP500 scenarios) we can potential play the channel or capitulate (yellow path).
The capitulation would be a fantastic quick result and much easier to deal with for an entry to go long.
Here, the yellow path will fit into the bump and run strategy very similar to the BTC 2019 bottom.
Follow this story with some daily or weekly updates.
The broadening wedge bottom could be a last effort bounce but I think it will not hold and then the channel comes into effect. Shorting all the way down would be fantastic.
Note: if it does capitulate, buy the bottom and stake it.
All the best,
S.SAri
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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