Told you we were watching $BTC, and it just did exactly what we thought it would, rejecting hard right where we said it might. Here is the trade.
Entry: 62415.99-62790.49
TP1: 61351.17
TP2: 60725.14
TP3: 60099.11
SL: 63276.3
This one printed a clean rejection right into our zone, wicked up and got sold into immediately. That is not random retail selling, that is someone defending a level they actually care about.
Volume backs it up too, weak push up and heavy hands coming right back in. Risk is small from here to SL and the reward stacks up nicely across three targets.
You taking the short or waiting to see if it retests the highs first? Let me know.
DYOR fam.
$BTC
Entry: 62415.99-62790.49
TP1: 61351.17
TP2: 60725.14
TP3: 60099.11
SL: 63276.3
This one printed a clean rejection right into our zone, wicked up and got sold into immediately. That is not random retail selling, that is someone defending a level they actually care about.
Volume backs it up too, weak push up and heavy hands coming right back in. Risk is small from here to SL and the reward stacks up nicely across three targets.
You taking the short or waiting to see if it retests the highs first? Let me know.
DYOR fam.
$BTC