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Bybit Price Action Signals a Potential Reversal and Drop

Regarding Bybit, a 20,000 sell limit order has been placed at 3.79 in the scalp, clearly indicating some major orders below which suggests an impending movement. There is a possibility of a further upward correction before heading lower.
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AI Analysis

The current situation on Bybit shows a large sell limit order placed at 3.79, amounting to 20,000 units, which indicates a substantial resistance level. The presence of large orders below this price s...

AI Recommendation

Given these signals, traders should consider a cautious approach. If short-term trading, watching for a test of higher levels might present an opportunity to short after confirmation of resistance. Fo...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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