$BTC šÆ Ambush on the left
š§ I just took back 76,200 and then retreated below 76,000. The K-line from 20:00 to 20:15 had a high of 76,275.40 and closed at 76,086. The short-term buy-side still hasnāt managed to hold onto its advantage.
Tonight Iām inclined to do a counter-trend rebound trade, but I wonāt chase shorts all the way down just because price starts to pull back.
š Left-side short zone: 76,450ā76,550.
The basis is that resistance overlaps around the old low of 76,458.90 and the early-morning high near 76,550.60.
Support: 75,828.80ļ¼75,308.40.
Resistance: 76,350ā76,551ļ¼77,323.60.
First scale-out at 75,850, second target 75,350.
ā Consider only after 20:45: when price enters the zone, the 15-minute candle spikes higher and closes bearish, active sell volume exceeds buy volume, and the close is still left inside the short zoneāthen thereās a reason to enter. If it just drops straight through, let it go.
š§Æ Hard stop loss at 77,000.
This is the analysis buffer reserved outside the top of the range; it doesnāt wait for the close. If the hour line has already closed above 76,550.60 before entry, this counter-trend short plan is canceled.
The most common mistake right now is thinking the direction is correct and then not choosing the entry location carefully anymore.
š§ I just took back 76,200 and then retreated below 76,000. The K-line from 20:00 to 20:15 had a high of 76,275.40 and closed at 76,086. The short-term buy-side still hasnāt managed to hold onto its advantage.
Tonight Iām inclined to do a counter-trend rebound trade, but I wonāt chase shorts all the way down just because price starts to pull back.
š Left-side short zone: 76,450ā76,550.
The basis is that resistance overlaps around the old low of 76,458.90 and the early-morning high near 76,550.60.
Support: 75,828.80ļ¼75,308.40.
Resistance: 76,350ā76,551ļ¼77,323.60.
First scale-out at 75,850, second target 75,350.
ā Consider only after 20:45: when price enters the zone, the 15-minute candle spikes higher and closes bearish, active sell volume exceeds buy volume, and the close is still left inside the short zoneāthen thereās a reason to enter. If it just drops straight through, let it go.
š§Æ Hard stop loss at 77,000.
This is the analysis buffer reserved outside the top of the range; it doesnāt wait for the close. If the hour line has already closed above 76,550.60 before entry, this counter-trend short plan is canceled.
The most common mistake right now is thinking the direction is correct and then not choosing the entry location carefully anymore.