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Right now, the price looks to be around 9.310 USDT.
What I care about more is whether there’s actually an opportunity to take a position at this level.
In the short term, I’m still leaning bearish.
At this level, I’ll first look at these:
First, the order book has a bit of lagging/hesitation to its rally; continuing to aggressively chase isn’t worth it.
Next, the buy orders aren’t firm enough; an upside breakout still needs one more push.
Also, the follow-through after a spike is usually weak—chasing longs can easily put you in an awkward spot.
If I really do trade, I prefer this kind of play: sweep the highs at the top for a waterfall short, lure longs with a rebound and then waterfall short again, then break support and chase the short.
The entry level I’ll be watching is: 9.384 USDT
First, watch this take-profit level: 8.826 USDT
The spot where I should cut if it goes wrong: 9.608 USDT
If you don’t reach your target level, don’t rush to take action.$LINK