$BTCUSDT - 1H Update 📉
Price perfectly rejected from the supply zone $79,400 - $79,700 as expected.
What happened:
- Strong impulsive move from $76,400 to $79,400
- Clear rejection + bearish engulfing from supply
- Now retesting $77,825 support
My Plan:
1. Expecting a liquidity grab above supply towards $80,200 (fakeout)
2. If rejection confirms, next move is lower to retest $77,800 again
3. Failure to hold $77,800 = deeper correction to $77,300
Tips for beginners:
- Don't chase long at supply zone
- Wait for confirmation, not prediction
- Risk management is key - keep SL above $80,500 if shorting
Not financial advice. Trade with your own analysis.
#BTC #BTCUSDT #CryptoTrading #Bitcoin
Price perfectly rejected from the supply zone $79,400 - $79,700 as expected.
What happened:
- Strong impulsive move from $76,400 to $79,400
- Clear rejection + bearish engulfing from supply
- Now retesting $77,825 support
My Plan:
1. Expecting a liquidity grab above supply towards $80,200 (fakeout)
2. If rejection confirms, next move is lower to retest $77,800 again
3. Failure to hold $77,800 = deeper correction to $77,300
Tips for beginners:
- Don't chase long at supply zone
- Wait for confirmation, not prediction
- Risk management is key - keep SL above $80,500 if shorting
Not financial advice. Trade with your own analysis.
#BTC #BTCUSDT #CryptoTrading #Bitcoin
