$BTC had a sharp sell-off, but looking at the 15-minute chart, we are seeing a strong rejection of the lows. Buyers are stepping in aggressively around the 76k level, forming a local bottom.
If this momentum continues, we have a clean long setup for a relief bounce. Here is the plan:
🟢 Direction: Long 📍 Entry: ~76,723.9
🎯 Take Profit 1: 77,090.0 🎯 Take Profit 2: 77,450.0 🎯 Take Profit 3: 77,823.9
🛑 Stop Loss: 75,947.4
⚠️ Pro Tip: Once TP1 hits, move your Stop Loss to your entry price to make the trade risk-free! 🛡️
Are you buying this BTC dip, or waiting for lower prices? Let me know below! 👇
$BTC had a sharp sell-off, but looking at the 15-minute chart, we are seeing a strong rejection of the lows. Buyers are stepping in aggressively around the 76k level, forming a local bottom.
If this momentum continues, we have a clean long setup for a relief bounce. Here is the plan:
🟢 Direction: Long 📍 Entry: ~76,723.9
🎯 Take Profit 1: 77,090.0 🎯 Take Profit 2: 77,450.0 🎯 Take Profit 3: 77,823.9
🛑 Stop Loss: 75,947.4
⚠️ Pro Tip: Once TP1 hits, move your Stop Loss to your entry price to make the trade risk-free! 🛡️
Are you buying this BTC dip, or waiting for lower prices? Let me know below! 👇
I know exactly what most people are thinking right now: it's had a massive run over the past 90 days and everyone is trying to catch this dip.
But look at what’s happening on the smaller timeframe. The 15m chart is bleeding. We've had a series of aggressive red candles, and this weak little bounce is struggling to reclaim the mid-range.
Look at what’s sitting below us. There is a massive amount of long-side liquidity sitting right at the 24h low of $0.5320, and a heavy cluster of stop-losses resting down at the $0.5182 level. When too many traders start leaning the same way, trying to buy every dip, the market loves doing the opposite first.
That’s why I’m not interested in going long here. Price is failing to hold the $0.5410 resistance level, and as long as that area keeps rejecting us, I think $GRASS has a very real chance to dump back down and sweep those late longs.
This is exactly the kind of setup I like: crowd is trying to call the bottom, longs are getting crowded, and liquidity is sitting below.
Now let’s see if $GRASS does what it usually does… move exactly where most people are not expecting.
I know exactly what most people are thinking right now: price is bouncing on the 15m chart and everyone is trying to call the bottom.
But look at the bigger picture. The 90-day chart is down over 67%, and the 1-year is down 71%. The trend is heavy, and this current bounce is looking incredibly weak right under the $0.04513 resistance.
Look at what’s sitting below us. There is a massive amount of long-side liquidity sitting right at the 24h low of $0.04406, and even more resting down at the $0.04344 level. When too many traders start leaning the same way, trying to catch a falling knife, the market loves doing the opposite first.
That’s why I’m not interested in buying this green candle here. Price is failing to reclaim the mid-range, and as long as that $0.04513 area keeps rejecting us, I think $LAB has a very real chance to dump back down and sweep those late longs.
This is exactly the kind of setup I like: crowd is trying to buy support, longs are getting crowded, and liquidity is sitting below.
Now let’s see if $LAB does what it usually does… move exactly where most people are not expecting.