🚨BIG..... Dump..... ALERT ‼️‼️‼️‼️
Price got rejected hard at 64,450 (long upper wick, followed by a big red candle) that's a bearish rejection pattern
It's now trading in the lower half of today's range, below the midpoint
Broader trend is negative across every longer timeframe (7D -1.96%, 90D -22%, 1Y -47%)
Path of least resistance looks like a retest of 63,250, then possibly 62,960
If you take it:
Entry: ~63,467 (current)
Target: 63,250 → 62,960
Stop loss: above 64,450
That said, this is a range-bound short-term chart with no strong momentum either direction yet it's a lean, not a high-conviction setup. Use a stop loss and size the position so a wrong call doesn't hurt. This isn't financial advice, and leveraged perps can liquidate fast against you.
Click here to trade 👇⬇️
Price got rejected hard at 64,450 (long upper wick, followed by a big red candle) that's a bearish rejection pattern
It's now trading in the lower half of today's range, below the midpoint
Broader trend is negative across every longer timeframe (7D -1.96%, 90D -22%, 1Y -47%)
Path of least resistance looks like a retest of 63,250, then possibly 62,960
If you take it:
Entry: ~63,467 (current)
Target: 63,250 → 62,960
Stop loss: above 64,450
That said, this is a range-bound short-term chart with no strong momentum either direction yet it's a lean, not a high-conviction setup. Use a stop loss and size the position so a wrong call doesn't hurt. This isn't financial advice, and leveraged perps can liquidate fast against you.
Click here to trade 👇⬇️