【A violent shakeout! A precise wick to $81,000 quickly reclaimed—what’s next?】
The market just saw some sharp volatility. After a rapid drop that wicked down to around $81,045, bulls quickly pushed the price back above $81,600! This long lower wick is a classic liquidation wick in a highly leveraged market!
🔍 Key market details:
1️⃣ False breakdown and stop-loss sweep: The quick dip pierced short-term support, flushing out some late longs and positions with tight stop-losses. But the previous low at $80,622 remains intact!
2️⃣ Moving-average resistance: On the 1-hour chart, the EMAs are clustered around $81,800–$82,000, creating short-term resistance. Price needs to hold above this zone on increased volume to resume its climb.
💡 Dasheng’s strategy:
Don’t let the shakeout scare you: In choppy conditions, don’t let emotions take over and blindly sell at the lows or chase shorts!
Look for a second chance to go long: Watch the $81,200–$81,500 range for opportunities to scale in. Set a unified stop-loss below the previous low, at $80,500!
Take-profit target: First watch the $82,200–$82,500 area on a rebound.
The bigger the swings, the more important it is to stay calm! Keep leverage strictly controlled (3x–5x), and don’t take oversized positions and ride out losses!
The market just saw some sharp volatility. After a rapid drop that wicked down to around $81,045, bulls quickly pushed the price back above $81,600! This long lower wick is a classic liquidation wick in a highly leveraged market!
🔍 Key market details:
1️⃣ False breakdown and stop-loss sweep: The quick dip pierced short-term support, flushing out some late longs and positions with tight stop-losses. But the previous low at $80,622 remains intact!
2️⃣ Moving-average resistance: On the 1-hour chart, the EMAs are clustered around $81,800–$82,000, creating short-term resistance. Price needs to hold above this zone on increased volume to resume its climb.
💡 Dasheng’s strategy:
Don’t let the shakeout scare you: In choppy conditions, don’t let emotions take over and blindly sell at the lows or chase shorts!
Look for a second chance to go long: Watch the $81,200–$81,500 range for opportunities to scale in. Set a unified stop-loss below the previous low, at $80,500!
Take-profit target: First watch the $82,200–$82,500 area on a rebound.
The bigger the swings, the more important it is to stay calm! Keep leverage strictly controlled (3x–5x), and don’t take oversized positions and ride out losses!