Price has reached the area we projected, validating the scenario discussed in the previous analysis.
While the market is reacting from support, this should not be interpreted as a safe invitation to build long positions. In conditions like this, rebounds can easily be temporary and may simply serve as continuation structures within the broader downside context.
Looking at the higher timeframe — especially the weekly — the door remains open for a deeper and more aggressive decline if sellers regain control.
If a rebound develops, great.
However, it is not guaranteed, and such movement would likely provide a more favorable area to search for fresh short opportunities.
⚠️ I do not recommend long positions here.
⚠️ I also do not recommend chasing shorts at current prices.
A cleaner scenario would be to wait for a rebound and then evaluate potential short setups with better positioning and structure.
A clean break below the 210 level could open the path for a strong acceleration to the downside.
We were not able to re-enter as our focus was on the crypto market, but the trade still delivered a solid result overall, and that is what matters. Consistency, patience, and capital protection always come first.
For now, we wait for structure and confirmation.
While the market is reacting from support, this should not be interpreted as a safe invitation to build long positions. In conditions like this, rebounds can easily be temporary and may simply serve as continuation structures within the broader downside context.
Looking at the higher timeframe — especially the weekly — the door remains open for a deeper and more aggressive decline if sellers regain control.
If a rebound develops, great.
However, it is not guaranteed, and such movement would likely provide a more favorable area to search for fresh short opportunities.
⚠️ I do not recommend long positions here.
⚠️ I also do not recommend chasing shorts at current prices.
A cleaner scenario would be to wait for a rebound and then evaluate potential short setups with better positioning and structure.
A clean break below the 210 level could open the path for a strong acceleration to the downside.
We were not able to re-enter as our focus was on the crypto market, but the trade still delivered a solid result overall, and that is what matters. Consistency, patience, and capital protection always come first.
For now, we wait for structure and confirmation.
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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.
Related publications
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.