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Trader Sentiment (06/12/2024)

Tekk by Tekk
June 12, 2024
in Trader Sentiment
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Trader Bullishness Score: 65 (132.1% 24h Δ)


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

@Crypto_Chase remains cautious due to upcoming CPI data and FOMC, setting break-even stops on his Bitcoin and Ethereum trades, hinting at a defensive stance amid potential volatility.

@Trader_XO finds the market range-bound but is ready for rotational plays, looking for a clear trend to establish on $OP. He’s also eyeing another long Bitcoin setup if there’s no continued downward movement, indicating a cautious bullish perspective.

@RunnerXBT seems to be mocking traditional finance markets for their apparent one-way trajectory to new all-time highs, which could imply a skepticism of the current relentless bull run there.

@CryptoKaleo greets the morning with enthusiasm amongst bulls, signaling a positive outlook among crypto enthusiasts.

@SalsaTekila spins a narrative of resilience against recent market downturns, staying bullish despite setbacks, while @CryptoParadyme humorously hopes for no scary red candles and reflects on the relentless consolidation phase, suggesting we could pop over 100k any moment.

@Awawat_Trades compares a recent shakeout to previous ones, suggesting we may have marked a bottom, and @crypto_iso speculates on potential market reaction to unexpected good news, although not banking on it.

@Tradermayne is hanging tough with his Ethereum long position, hoping for a bullish reversal, and @TraderKoz urges a long-term market perspective, stressing the importance of ‘touching grass’—taking break from the screens.

And to round it out, @Crypto_Chase also advises on the importance of managing position size for maintaining rational trade decision-making.

Everyone’s on their toes with a mix of cautious optimism, watchfulness, and dry wit in the anticipation of imminent market movements.



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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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