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Event ends: August 9, 16:00 UTC
More details: https://www
Market analysis
Direction: Short positions (Utilizing 1-hour moving average resistance + 15-minute oversold rebound)
Entry point: 85,000-85,200 USDT (Get on board at EMA14/psychological level)
Take profit targets:
First target: 84,200 (previous low, reduce position by 50%);
Second target: 83,500 (EMA30 moving average support, move stop loss to break even).
Stop loss point: 85,500 USDT (EMA4 moving average + 1.7% increase, to prevent trend reversal).