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Pingu Charts Pingu Charts @pinguchartsreal · 6.62K subscribers
Post #16849 1.39K
Market update

87.5 remains our long but you can see that we have a clear range being formed for btc right now

86.5 resistance and 83k support

Things to point out is that you can see an M formation being formed currently on the 4h time frame where the 83k level is the main zone

The 20 ema has still not been tested on the daily timeframe as well so I would be cautious trying to trade this range now. Let the market come to you is probably best thing to do here vs getting chopped up. Alts are the same as well right now eth and sol chopping around.
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