bitcoin:native
LTF plan into monthly close. With live trades I'm taking. 📈📉
I'm expecting a short squeeze before we close out the month. There's around $150M in shorts that would get liquidated in the 74.4k-75.7k range, that whole zone is most likely a price magnet.
I'll take profit on my long in two parts, 74.5k and 75.5k, scaling out into that squeeze. From there I flip into a short, because that zone is the VAL and there's a solid chance we bounce off it. My invalidation/SL is 76.7k and my target is 70.4k, which is where I'd be looking to long again.
From there I expect it to nuke. But there's a real chance they sweep both the short liqs and the long liqs below, so I'm not blindly shorting all the way down.
If we tap 72k and 71.7k, I re-long with my invalidation/SL at 71k, targeting 77.6k. My thinking is that if we bounce off 72k-71.5k, I expect price to retrace up into 77.6k, which is the POC, and put in a lower high there.
If everything plays out perfect and we get that retracement from POC putting in a lower high. I'd be looking to long the continuation toward 79.6k.
That's the full roadmap into the close. I'll update each level as it plays out.