On August 14, the indicator on the 4H timeframe generated a clear short signal around the $118,000 zone. From the very first hours it became evident that the market could no longer handle the overheated conditions: momentum broke down sharply, and a rapid decline began.
The drop was intense and unfolded almost without pauses. The price quickly moved through the key levels, confirming the strength of the signal. TP1 and TP2 were hit in quick succession, and by August 21, the market reached TP3 at around $113,000. This move became one of the clearest confirmations of how fast the market can unwind built-up pressure in just a matter of days.
What’s important is that the signal still remains open. No clear reversal impulse has been seen, and sellers continue to hold control. The weak reaction from buyers at local support levels only increases the likelihood of further downside.
This current dynamic highlights a key lesson: when the market is overheated, corrections often come sharply and without warning. In such moments, a systematic approach is essential — entering on a valid signal and following the trade step by step toward predefined targets.
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🟣indicator: t.me/CryptoVisionPro_news
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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.