Guys do you remember when everyone said $BNB was dead after that wick down to $690? Yeah, good times😁
We’ve had a solid retracement and the 1D chart is showing a clear bottoming-out pattern. We are currently sitting at $741 with a nice little 2.5% push today.
Trade Setup:
🟢 Entry: Market ($742)
🟢 TP1: $765
🟢 TP2: $805 (Let's run back that 808 high) 🔴 SL: $688
We had that massive push up to 87k, but look at how the price reacted.
We got absolutely slapped down and rejected right back into that heavy supply zone.
Right now, we are sitting around $80.5k, but the structure is looking heavy. We’ve lost the momentum, and we are printing lower highs and lower lows. The buyers stepped in way down at 74.9k earlier this month, but that energy is fading.
Here is my game plan for the next few sessions:
The trend has shifted bearish on this timeframe.
I’m looking for a retest of that upper green box (84k-86k) to short, but if we don't even get that bounce, a breakdown here is likely.
The Trade Setup (Short):
· Entry: $81,200 - $82,500 (Looking for a small relief bounce to get a better entry)
· Stop Loss: $84,500 (A close above this invalidates the bearish structure)
· Take Profit 1: $78,000
· Take Profit 2: $75,000 (Retesting those recent lows)
If we lose this current support level at 80k without a bounce, I will look for a breakdown entry straight down to 78k.
Be patient. Don't chase the red candles right here in the middle.
Do you remember when $XRP was sitting pretty at $1.29 just a few hours ago? 👀
Yeah, the market has a funny way of testing our patience.
We just saw a nasty flush down to $1.256 on the 15m chart, shaking out a lot of weak hands in the process.
But look at that bounce. We are currently sitting at $1.273, and the buyers are stepping back in aggressively. This looks like a classic liquidity grab before a reversal.
That green zone up top (84k-87k) has been acting as heavy resistance, and the market just kept printing lower highs.
The floor finally gave out. We’ve bled straight down to 79.3k and we are sitting right on the edge.
If we get a clean daily close below 79k, the trapdoor opens. I’m looking for a short entry on the retest, targeting the 75k liquidity pool from mid-September.
If 79k holds and we see a sharp bounce, then we look for longs, but I’m not catching this knife right now.
Trade: Short bias below 79k.
Keep your stops tight above 80.5k. Don't get chopped.
Big money is moving 💸 Spot Bitcoin ETFs just recorded a significant single day outflow.
After weeks of steady inflows, the tide has turned even if just for a day. When the big players pull chips off the table, it’s natural to feel a bit of anxiety. But is this a warning sign of a deeper correction, or just a healthy reset before the next leg up?
Here is what I’m watching:
🔹 Profit Taking: Institutions locking in gains after the recent run-up.
🔹 Rotation: Capital moving into other sectors or assets.
🔹 Macro Jitters: General market uncertainty spooking the suits.
The question is: Are you buying this dip, or are you waiting to see if the bleed stops? $BTC $ETH
We’ve been bleeding since that July pump, but look at the structure on the 1D chart. We are finally finding a floor around the 0.016-0.017 zone after weeks of chop.
Current price: 0.01787 (+4.2%)
I’m taking a long scalp here. The volume is starting to tick up and the downside looks exhausted.
If we can reclaim 0.019, it’s off to the races.
🎯 Entry: 0.0175 - 0.0179
🛑 SL: 0.0165 (Don't be a hero if we lose the floor)
💰 Targets: 0.0195 / 0.0210 / 0.0240
Keep your risk tight. Let’s ride this bounce $AIGENSYN