your chart is at 15 minutes the RSI at 35 and resisting there is overselling, it should rise a little and liquidate positions and make a short pullback and then rise a little more again
taissy_malibu
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when the price drops to the same place 3 times, the third time it will be hard to hold on
Technical indicators do not predict the future based on a current bullish or bearish trend.
Indicators are vital because they show the past, and in that past, there are patterns that repeat over time again and again.
Prepare your technical analysis to adjust your indicators in a more effective way that allows you to detect market traps, movements, and changes at precise moments and analyze the patterns over time.
By practicing this, you will be more effective in your investments.
The market can be full of whales, manipulators, and novice traders who act on emotion rather than calculation.
You can avoid all of that by analyzing each pattern and leveraging your positions according to your capabilities.
Do not forget that the crypto market is all about risk, but with this, you can minimize it and take advantage.
Note: $BTC will remain bearish, it will correct its price and still has a long way to go, then it will recover very quickly.
OBV and RSI show that a trap is approaching and is close to overbought, at any moment profit-taking is approaching and positions will start to be liquidated
David Warn
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Bullish
$WCT Bulls Strike Back — Short Liquidations Triggered!
An explosive move just rocked the $WCT chart. A sharp liquidation worth $18,758 hit at $1.2629, signaling that short sellers were caught off guard. Momentum is shifting, and this could be the beginning of a breakout run. Here's a detailed breakdown of the current setup:
Technical Analysis:
Short Liquidation Level: $1.2629 — this level now acts as a short-term support and a psychological line in the sand for late shorters.
Structure Shift: Price action has flipped from consolidation into aggression, as bears lose grip. Volume confirms this breakout.
Buy Zone:
$1.2300 to $1.2650 — Ideal entry zone if price consolidates or retests post-liquidation. Strong support forming in this range.
Targets:
Target 1: $1.3450 — Local resistance zone; high probability level for first take profit.
Target 2: $1.4100 — Previous swing high and breakout level.
Target 3: $1.5200 — Extended bullish target if momentum continues with rising volume.
Stop Loss:
$1.1950 — Below previous higher low and liquidity wick. If price closes below this, trend strength is in question.
Sentiment Outlook: Shorts are under pressure. Liquidations like these are often the spark that ignites a bullish rally. If bulls maintain control above $1.26, further upside is likely. However, patience is key — let the price retest and confirm strength.