Caught this short after $LUMIA ran hard into the 0.13 area. Price had already put in a strong extension from the mid-0.08s, and the move started looking stretched on the 15m and 1h. Volume climaxed on the final push higher while RSI was making lower highs against higher price highs. That divergence, plus a clear rejection off the recent swing high, was enough for me to lean short.
I waited for a close back under the prior local resistance and entered around 0.131. Stop went above the rejection high so the risk was defined. On the way down it broke the short-term EMAs cleanly and selling volume stayed consistent, so I trailed it rather than taking the first bounce. It kept sliding toward the 0.113 zone where some of the earlier breakout volume sat. Closed the bulk of the position there for roughly +158% on the 10x.
Tools I mainly used: RSI for the divergence, volume to confirm the climax and the follow-through selling, and the 9/21 EMAs plus the recent swing high/low as structure. No fancy stuff, just watching whether the momentum was still one-sided or starting to roll over.
**Disclaimer**
This is not financial advice. Trading leveraged perpetuals carries high risk of loss. Past performance does not guarantee future results. Do your own research and only risk what you can afford to lose.
$RSR $BTC
#KOSPIFalls3%AfterHoliday #EtherETFsExtendOutflowsToNineDays #EthereumSurpasses2500USDT #XRPLedgerPatchesXRPCreationBug
I waited for a close back under the prior local resistance and entered around 0.131. Stop went above the rejection high so the risk was defined. On the way down it broke the short-term EMAs cleanly and selling volume stayed consistent, so I trailed it rather than taking the first bounce. It kept sliding toward the 0.113 zone where some of the earlier breakout volume sat. Closed the bulk of the position there for roughly +158% on the 10x.
Tools I mainly used: RSI for the divergence, volume to confirm the climax and the follow-through selling, and the 9/21 EMAs plus the recent swing high/low as structure. No fancy stuff, just watching whether the momentum was still one-sided or starting to roll over.
**Disclaimer**
This is not financial advice. Trading leveraged perpetuals carries high risk of loss. Past performance does not guarantee future results. Do your own research and only risk what you can afford to lose.
$RSR $BTC
#KOSPIFalls3%AfterHoliday #EtherETFsExtendOutflowsToNineDays #EthereumSurpasses2500USDT #XRPLedgerPatchesXRPCreationBug