We are currently in a consolidation range. After updating the swing high, price immediately faced seller pressure from the top of the structure.
Why did this happen?
Many participants were stuck in losses for a long time and decided to exit at breakeven as soon as price gave them the chance — totally understandable.
Key levels for the setup:
Yellow lines – potential entry points.
Red lines – stop-loss levels, depending on your risk appetite (marked two options).
Green lines – target areas.
Whether you go with spot or futures — the setup is there. Choose your strategy accordingly.
DYOR.
Why did this happen?
Many participants were stuck in losses for a long time and decided to exit at breakeven as soon as price gave them the chance — totally understandable.
Key levels for the setup:
Yellow lines – potential entry points.
Red lines – stop-loss levels, depending on your risk appetite (marked two options).
Green lines – target areas.
Whether you go with spot or futures — the setup is there. Choose your strategy accordingly.
DYOR.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.