$CRCL short-only plan, ultimate goal to see 70!
After this rally to 85.86, price quickly dumped; the current price is 81.63, and the RSI has dropped to 21.79—already oversold.
The profit-takers at the highs are desperately exiting; a lot of trapped positions are left in the 84–85 area. If the rebound can’t push back up, it will likely keep getting hammered downward.
👉 Entry idea:
Don’t short at the current price. If the rebound from 82.8–83.8 can’t move higher, then open a small short position. Place the stop loss above 86. First target is 75, ultimate target is 70.
Reality check: $BTC the current market is chaotic—altcoins will get swept around like they’re being stabbed by spikes along with the broader market.
When placing orders, always include a stop loss. Holding and “tanking it out” is a bottomless pit. Beware that a sudden, violent pump in BTC could wipe out the short orders instantly.
After this rally to 85.86, price quickly dumped; the current price is 81.63, and the RSI has dropped to 21.79—already oversold.
The profit-takers at the highs are desperately exiting; a lot of trapped positions are left in the 84–85 area. If the rebound can’t push back up, it will likely keep getting hammered downward.
👉 Entry idea:
Don’t short at the current price. If the rebound from 82.8–83.8 can’t move higher, then open a small short position. Place the stop loss above 86. First target is 75, ultimate target is 70.
Reality check: $BTC the current market is chaotic—altcoins will get swept around like they’re being stabbed by spikes along with the broader market.
When placing orders, always include a stop loss. Holding and “tanking it out” is a bottomless pit. Beware that a sudden, violent pump in BTC could wipe out the short orders instantly.