$BTC Looks โcalmโโฆ but actually, many get trapped here.
In TF 1H, BTC failed to maintain above 78.3K and started to slowly drop to support.
Not a quick dump โ this is more of a distribution.
The problem is, conditions like this often mislead people.
Thought to be just a light pullback,
entering in the middleโฆ
and then continuing down.
Now the crucial area is at 74.3K โ 75K.
If it breaks, the downside is still open.
Personally, I prefer to wait for confirmation, not to enter in the middle.
Plan:
Long โ 74.3K โ 74.5K
SL โ 73.8K
TP โ 76K โ 77K
Short โ below 74.3K (close 1H)
SL โ 75.5K
TP โ 73K โ 72.5K
Do you think this is just a pullbackโฆ or starting distribution?
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