$BR During this accumulation phase, I choose to follow the setup, not my emotions. BTC’s rebound looks lively right now, but the moving averages are still in a bearish formation, and volume hasn’t picked up. We’ve seen this kind of rally many times—it often traps people chasing long positions. Price has tested key resistance several times without holding above it, while sellers keep applying pressure. So I’d rather wait for the rebound to lose steam before looking for the downtrend to continue.
The RSI has indeed reached a level where a bounce is likely, so don’t rush to chase shorts. It’s safer to wait for confirmation from the price structure before acting. Until the trend turns, a rebound is just a rebound—don’t mistake it for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.4879483 – 0.4914477
🛑 Stop loss: 0.5291477
🎯 Take profit 1: 0.4601107
🎯 Take profit 2: 0.4403859
🎯 Take profit 3: 0.4107985
Still waters run deep, concealing foresight; through the market’s ebb and flow, stay composed.
Join Sister Fei and read the pulse of the surging tide of wealth.
#BR
Click below to trade 👇
The RSI has indeed reached a level where a bounce is likely, so don’t rush to chase shorts. It’s safer to wait for confirmation from the price structure before acting. Until the trend turns, a rebound is just a rebound—don’t mistake it for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.4879483 – 0.4914477
🛑 Stop loss: 0.5291477
🎯 Take profit 1: 0.4601107
🎯 Take profit 2: 0.4403859
🎯 Take profit 3: 0.4107985
Still waters run deep, concealing foresight; through the market’s ebb and flow, stay composed.
Join Sister Fei and read the pulse of the surging tide of wealth.
#BR
Click below to trade 👇