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I’ve been saying this for a while: avoid trading altcoins with high leverage in these conditions. If you got caught again, maybe it’s time to pause and rethink the strategy.
Coming back to BTC, we’re close to a 50 EMA crossing below the 200 EMA, but interestingly, these crossovers have often played out opposite to what classical TA suggests.
Right now, BTC is still getting support from the lower trendline of the falling wedge, so while the price action is choppy, it’s not completely bearish yet.