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CRYPTO MECHANIC
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Not sure when the pullback will come but this is how it will be. A quick flush to liquidate the late and high leverage longs and then continuation up.
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Who would have thought $BTC will be above $80k this fast.
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How are you positioning yourself for the next week ?
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Watch if you missed
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Do not use a leverage more than 10x if you really want to use leverage During the bull Market many traders try to make quick money by using high leverage. A coin can liquidate 10x long by just a 10% dip. during a bullish move it's very normal that a coin dip 10%-15% in a matter of minutes to liquidate high leverage longs and you will notice price bounce back up again. To avoid yourself from these sharp drops do not use leverage more than 5x.
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