$BTC just rejected trend line at $80k and flushed to $76,171, I am shorting the retest
Live Binance: $BTC $76,648.50 -5.03% | H $80,962.00 L $76,171.08 | Vol $1.58B | Today -4.61% 7D -5.39%
4h chart shows green support line that held since Oct 23 broke and price tested it from below and got rejection, exactly what I was waiting for. 1h printed $81,196.01 high then collapsed to $75,736.38 with volume spike MA5 1.44K vs MA10 1.06K and 15m MA5 1.03K vs 584, so real selling not thin wick. We are now at $76,648 near 24h low.
For me $77,865 to $78,130 is first resistance box before breakdown and $79,066 is the wall. $76,171 is 24h low must break for continuation and $75,736 is final 4h low.
My plan is short the bounce $77,865 to $78,130 entry stop above $79,066 targets $76,700 then $76,171 then $75,736. Risk 1 to 2%. I am not chasing short at low, I wait for retest. If 1h closes above $79,309 I step aside.
Do you see $76,171 breaking tonight or bounce back to $78,130?
Tap $BTC to trade this rejection
#BTC #dump
Live Binance: $BTC $76,648.50 -5.03% | H $80,962.00 L $76,171.08 | Vol $1.58B | Today -4.61% 7D -5.39%
4h chart shows green support line that held since Oct 23 broke and price tested it from below and got rejection, exactly what I was waiting for. 1h printed $81,196.01 high then collapsed to $75,736.38 with volume spike MA5 1.44K vs MA10 1.06K and 15m MA5 1.03K vs 584, so real selling not thin wick. We are now at $76,648 near 24h low.
For me $77,865 to $78,130 is first resistance box before breakdown and $79,066 is the wall. $76,171 is 24h low must break for continuation and $75,736 is final 4h low.
My plan is short the bounce $77,865 to $78,130 entry stop above $79,066 targets $76,700 then $76,171 then $75,736. Risk 1 to 2%. I am not chasing short at low, I wait for retest. If 1h closes above $79,309 I step aside.
Do you see $76,171 breaking tonight or bounce back to $78,130?
Tap $BTC to trade this rejection
#BTC #dump
