Monday trade idea, and it is a short one.
$BTC fell to a 3-month low today, $73,510, then bounced. But it got rejected at $76,000 again, the H4 trend is still down below $75,000, and $1.28B flowed out of the spot ETFs last week. $ETH is in the same boat, down 4.4% to $2,134, with $449M of ETH liquidations in a day and almost all of them longs.
So my plan: I am not chasing the drop. I am waiting for a bounce into $75,400-$75,600 and watching if sellers defend it there.
Entry $75,400-$75,600
Stop $76,250
Target 1 $74,000 (1:2.0)
Target 2 $73,500 (1:2.7)
Wrong if we get an H4 close above $76,200.
No buy/sell call, just the market. Not financial advice.
Would you short the bounce here, or wait for $73,500 support to break first?
#Bitcoin #Ethereum #Crypto
$BTC fell to a 3-month low today, $73,510, then bounced. But it got rejected at $76,000 again, the H4 trend is still down below $75,000, and $1.28B flowed out of the spot ETFs last week. $ETH is in the same boat, down 4.4% to $2,134, with $449M of ETH liquidations in a day and almost all of them longs.
So my plan: I am not chasing the drop. I am waiting for a bounce into $75,400-$75,600 and watching if sellers defend it there.
Entry $75,400-$75,600
Stop $76,250
Target 1 $74,000 (1:2.0)
Target 2 $73,500 (1:2.7)
Wrong if we get an H4 close above $76,200.
No buy/sell call, just the market. Not financial advice.
Would you short the bounce here, or wait for $73,500 support to break first?
#Bitcoin #Ethereum #Crypto
