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Trader Sentiment (06/11/2024)

Tekk by Tekk
June 11, 2024
in Trader Sentiment
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Trader Bullishness Score: 28 (#N/A 24h Δ)


Let’s dive into the ct traders’ market outlook over the past 24h.

@Awawat_Trades shared skepticism around FOMC movements and CT sentiment, implying a sarcastic take on the market’s direction influenced by excessive re-longing.

@RunnerXBT expressed a desire to see substantial liquidation in the market, hinting at a bearish stance or at least expecting a major shake-out.

@Trader_XO cut positions on alts due to disappointing momentum, and highlighted significant levels of resistance on $INJ while also expressing concern over the monthly stochastic indicator for Bitcoin, signaling a cautious or bearish outlook.

@Bluntz_Capital noted bullish divergences on memecoins, suggesting a bear market relief bounce might be close, implying a temporary bullish stance within a bearish trend.

@deltaxbt shared general tweets, without a clear direction on market sentiment.

@CryptoParadyme had a bearish tone, alluding to the potential for a downturn in the market but also mentioned a possible end to inflows, hinting at market instability.

@Crypto_Chase seemed tactical, watching for liquidity runs, particularly in $SOL, with a specific focus on effective risk management.

@LomahCrypto described discomfort with the market’s reaction and sluggishness, showing cautiousness and reservation about current market dynamics.

@Pentosh1 touched on macro trends, noting diminishing returns and suggesting that cycles are becoming increasingly difficult to trade, demonstrating skepticism about easy gains.

@crypto_iso mentioned the potential impact of news on already red deltas, suggesting the vulnerability of the market to negative news, hence a cautious outlook.

Overall, ct traders seem to be expressing a cautious to bearish outlook, with concerns about market momentum, potential for liquidations, and the resilience of key support levels. Their expectations lean towards a market needing a shake-out or already in the midst of one, with selective bullishness on specific assets but a general wariness of the current trend.



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Tags: Trader SentimentUpdates
Tekk

Tekk

A humble palm tree that rides waves and writes the best crypto newsletter on the planet | Subscribe https://wavewisdom.beehiiv.com

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