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Lucid TA @Lucid_TA
, 3 tweets, 2 min read Read on Twitter
Though imperfect, one could argue that recent PA on $BTC formed a rising wedge that just broke. $7300 - $7400 top + further short squeeze is still the ideal scenario, though looking less likely to manifest. Stop on my short term long is at break even.
$BTC bounced hard off of support. Currently backtesting prior trend line. Impulsiveness is with the bulls as yet though volume is fairly low. To be honest, this actually looks alright for the bulls. As obvious as it is, a break of prior highs would bode well.
I closed my long on trend line backtest. Would reenter long if we see setup formation/confirmation. There's a reasonable case for both bullishness and bearishness near term, hence I'm directionally agnostic. Still 60/40 bear biased mid term.
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