That setup is exactly why $82k is a trap price right now.
Price action:
• $84k is now a triple top in 7 days. Third rejection = orders clustered just above. Shorts need $84,150 to get squeezed.
• $80,700 is 4x defended floor. The 4th test is the weakest — that's where liquidity sits. If it breaks, $79.2k fills fast.
• $82k-$83k is the middle of nowhere. No edge long or short here.
#daytrading #priceaction #supportandresistance #TripleTop #CryptoLife
Price action:
• $84k is now a triple top in 7 days. Third rejection = orders clustered just above. Shorts need $84,150 to get squeezed.
• $80,700 is 4x defended floor. The 4th test is the weakest — that's where liquidity sits. If it breaks, $79.2k fills fast.
• $82k-$83k is the middle of nowhere. No edge long or short here.
#daytrading #priceaction #supportandresistance #TripleTop #CryptoLife