LOOKING TO SHORT

Main price structure seems broken for me, with first lower highs showing in higher time frame, so it looks ready to correct this first movement imo. Already spot sold my link holdings and I will be looking to margin short if it reaches the area of 2.72.

Comment:

Comment:

Reaching almost the first objetive and main resistance, big probability for a bounce here, If this area doesn't hold, next zone will be lower support of the bearish channel.

Trade active:

First objetive reached

Comment:

If this area doesn't hold, we are heading to the support of the bearish channel

Comment:

Nice bounce as expected, for now just a pullback to the channel.

Comment:

Still bearish for me, the price should clearly exceed that last channel as a sign of trend change, but for now this last move was just a bullback to the broken triangle and the bigger channel. Gived a good chance to build some more short positions.

Comment:

broken triangle

Comment:

LINKBTC chart doesn't look good either for me, perfect pullback to the support of the lost triangle, and back down again, if blue blox does not hold, I see very little support till 24k zone.

Comment:

In any case, if the diagonal resistance is clearly broken I would get out of my short position.

Comment:

3rd time against the blue zone, still short and aiming for the second objetive.

Comment:

Comment:

Price entering in the main range again, a revisit of the middle range is on the play, and if it does not hold, lower range will be next.

Massive resistance in weeky candles above the high range in 2.50$, until we see a clear candle close in 1W above that zone, there will not be bullish continuation.

Comment:

Comment:

Reaching second area of interest, below this zone there is no support till 24k sats.

Trade closed: target reached:

Second objetive reached and trade closed. Longing from 2.386$ as explained in the newest idea.