BIT on Bybit is the token to participate in the Launchpad, I observed that the price of BIT was high given the last listing of OKSE on the launchpad which requires having BIT on your Bybit account.
OKSE is expected to be listed on Bybit's Spot trading platform at 2022-09-05 12:00 UTC, and this is my major reason for a future drop in BIT which will no longer be useful while waiting for the next listing of a new token on the launchpad.
There are other major reasons for a continuation of the bearish trend on the BTC and the crypto market, such as the balance of BTC on the exchanges on the rise, the Longs which continue to open positions, the peaks of liquidations of the longs in the south on the King Fisher map, rising inflation, QT, and all the bearish Weekly scenarios I shared yesterday.
I left on the image bellow the details of the short, except the SL which will be in the liquidation with the 5X leverage included in the risk management or rather if invalidation of the plan with a small loss or in the profits with a trailing stop.
I'm not better at trading, investing suits me well and it's more than 90% of my portfolio, except trading is like a game that fascinates me and allows me to stay connected with the market to manage well my investments.
https://www.tradingview.com/x/PfyPqGSj/
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📈 FTX: https://ftx.com/#a=1768923
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