$BR The ETH strategy setup I shared earlier played out, and we successfully got our share of the gains this round. The market won’t wait for anyone to seize an opportunity. Divergence in BTC’s price action is widening, and the bearish alignment of the 4-hour moving averages is firmly in place. Price is stuck below both the EMA50 and EMA200, and every bounce gets pushed back down—this is no coincidence. The ADX is above 25, sellers remain firmly in control, and there are no signs of a short-term bullish reversal.
With this structure, the dense resistance zone above is where bears can regain momentum. The more hesitant the bounce, the smoother the decline. The daily chart is choppy, it’s true, but the 4-hour and hourly trends are both pointing down, with short-term momentum on the sellers’ side. I’m focused on continuation after a structural breakdown, not on trying to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.4856833 – 0.4886203
🛑 Stop loss: 0.5179599
🎯 Take profit 1: 0.4640457
🎯 Take profit 2: 0.4486417
🎯 Take profit 3: 0.4255355
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BR
Click below to trade 👇
With this structure, the dense resistance zone above is where bears can regain momentum. The more hesitant the bounce, the smoother the decline. The daily chart is choppy, it’s true, but the 4-hour and hourly trends are both pointing down, with short-term momentum on the sellers’ side. I’m focused on continuation after a structural breakdown, not on trying to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.4856833 – 0.4886203
🛑 Stop loss: 0.5179599
🎯 Take profit 1: 0.4640457
🎯 Take profit 2: 0.4486417
🎯 Take profit 3: 0.4255355
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BR
Click below to trade 👇