📉 Current Structure


Price: ~70.9K
Recent high: 72.8K (rejection)
You can see a lower high + weak consolidation after rejection
Momentum is slowing down after that strong pump
👉 This is showing short-term bearish pressure, not strong bullish continuation.
🔴 SHORT Setup (More Valid Right Now)
Why:
Rejection from 72.8K = strong resistance
Price forming lower highs
MACD already curving down (momentum weakening)
Entry idea:
Around 71K – 71.5K (pullback area)
Or breakdown below 70.5K
Targets:
70K
69.7K
69K (strong support zone)
Invalidation (SL):
Above 72K (if price reclaims → bullish again)
🟢 LONG Setup (Wait, not now)
Only consider LONG if:
Price breaks and holds above 72K – 72.8K
That means breakout confirmed
If that happens:
Target: 74K+
🧠 Simple Conclusion
Right now: SHORT > LONG
But not chase → wait for:
Pullback (better entry), OR
Clean breakdown
⚠️ Important
This is a range after pump, so:
Fakeouts are very common
Don’t go full margin without confirmation
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin