🔔 Better to close your long positions from here, and save your profits
We can see a surge in shorts after BTC faced rejection at 40k. Currently we're fighting at the top of the previous downward channel. Short term time frames are confirming this movement currently with key EMA's acting as resistance.
Most alt charts, as well as the total market cap, look to be broken out, requiring a quick retracement before further growth is possible.
With the potential FUD from the infrastructure bill in the states all signs are pointing towards potential short term downside.
This outlook will change if we see shorts start to close out and BTC convincingly retake 40k - which at the moment is acting as a heavy resistance area.
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Free Binance Future Signals
@signalforall
Most alt charts, as well as the total market cap, look to be broken out, requiring a quick retracement before further growth is possible.
With the potential FUD from the infrastructure bill in the states all signs are pointing towards potential short term downside.
This outlook will change if we see shorts start to close out and BTC convincingly retake 40k - which at the moment is acting as a heavy resistance area.
-----
Free Binance Future Signals
@signalforall