$BTC Just spotted a textbook EMA rejection setup on BTC/USDT! 🚨
Price pumped to 106,524 but got rejected hard — dropping straight to 102,345. Now it’s trying to recover but facing resistance near EMA(21) and EMA(30).
📊 Strategy Insight:
1. Use EMA(9/21/30) to identify momentum shifts.
2. When price closes below all 3 EMAs + RSI under 50 (currently 42.43), it signals bearish pressure.
3. Scalping setup: Sell near EMA(21) resistance and buy back at key RSI support zones.
4. Breakout traders: Watch for clean reclaim above 104K+ EMA zone with volume confirmation for long entry.