The Maximum Pain is Over‼️

– Yello, ladies and gentlemen🚬😎!

💎The Pain is over. Market macro bottomed. Today’s reversal candle should confirm it, it needs to close above $29500, and so far, it looks like we will make it!

FROM A SHORT-TERM PERSPECTIVE

💎We are seeing a good recovery supported by whales. A healthy rebound came, and with ParadiseFamilyVIPs, we have made a great profit from it by buying SOL at the bottom👉https://t.me/MyBinanceResults/6346. 

💎28.5k-29k was reclaimed fast. Majors like BNB performed well during that, which is a good sign. 

💎However, BTC on a lower time frame looks overbought right now (that is why we took a full profit on our SOL position few hours ago). Multiple confluences point to this:

1. $30500 is the H4 supply

2. 100 EMA/H1 rejection

3. Bearish Divergence

4. 21 EMA/H4 breakout is not really playing out. 

💎While we would like the LTF uptrend to continue, a retrace to ~$29k is very much possible. 

💎Breakout from here and 31.5k should be very difficult to break, so the retrace is actually needed to grab more liquidity before going higher.

💎If the bearish LTF outlook plays out, we do not want 29k to be lost at any cost. 

FROM A LONG-TERM PERSPECTIVE

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