Good Morning Traders! ☀️ #BTC at 82,300 - I'm NOT buying this breakout.
Smart money refuses to chase this vertical expansion...
The $BTC chart shows a breakout to 82,300, but the RSI at 93 signals extreme exhaustion. Price is trading above the upper Bollinger Band at 80,662, suggesting a cooling period is imminent.
Spot Trade Plan:
Buy Zone: 78,500 - 79,500
TP1: 82,300
TP2: 85,700
Invalidation: 4H close below 78,000
I am waiting for $BTC to retest the 79,000 zone before deploying capital, not chasing this vertical extension.
Are you buying this breakout or waiting for the retest? Follow for elite spot setups. DYOR.
Smart money refuses to chase this vertical expansion...
The $BTC chart shows a breakout to 82,300, but the RSI at 93 signals extreme exhaustion. Price is trading above the upper Bollinger Band at 80,662, suggesting a cooling period is imminent.
Spot Trade Plan:
Buy Zone: 78,500 - 79,500
TP1: 82,300
TP2: 85,700
Invalidation: 4H close below 78,000
I am waiting for $BTC to retest the 79,000 zone before deploying capital, not chasing this vertical extension.
Are you buying this breakout or waiting for the retest? Follow for elite spot setups. DYOR.
