Have you noticed $BTC getting rejected at that same resistance every single time it tries to break out?
Traders keep getting wrecked buying the fake breakouts. They watch their positions dump overnight because they never set an exit plan.
The crowd still thinks this is just a pause before new highs. That's the story they sell so they can offload into the next wave of buyers. Volume on the rejection was heavy and it printed a lower high. This isn't healthy.
If you actually want to navigate this, stop chasing every wick. Wait for a real daily close above that level backed by volume. Take profits on the way up, hold some $USDT, and only re-enter on confirmed support. $ETH is doing the same thing right now so don't expect a decoupling.
Where do you think this goes from here if the sellers keep winning?
#BitcoinRejectedAt #BitcoinParesGainsAfterRallyTo #FedOctoberRateHikeOddsFallTo17
Traders keep getting wrecked buying the fake breakouts. They watch their positions dump overnight because they never set an exit plan.
The crowd still thinks this is just a pause before new highs. That's the story they sell so they can offload into the next wave of buyers. Volume on the rejection was heavy and it printed a lower high. This isn't healthy.
If you actually want to navigate this, stop chasing every wick. Wait for a real daily close above that level backed by volume. Take profits on the way up, hold some $USDT, and only re-enter on confirmed support. $ETH is doing the same thing right now so don't expect a decoupling.
Where do you think this goes from here if the sellers keep winning?
#BitcoinRejectedAt #BitcoinParesGainsAfterRallyTo #FedOctoberRateHikeOddsFallTo17
