It's happening again, isn't it | Mike On The Move on Binance Square

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It's happening again, isn't it 🙄

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🚨 BTC Update $BTC held the $83K support, confirming the second low is strong and suggesting accumulation is ongoing. Price is now trading around 88.3K, showing local strength with higher lows on the 4H and bullish RSI divergence supporting a short-term bounce. Volume is thinning near resistance, so upward moves may face selling pressure, but buyers defending key levels could push momentum toward the next supply zones. Weekly and daily structure indicate a sustained break above 94.7K could face heavy resistance, while a drop below 84K could resume the broader downtrend. BTC Trading Plan Long:$BTC •Entry: 88,100 – 88,500 •SL: 86,500 •TP1: 91,000 •TP2: 94,700 Rationale: Entering within the range captures the bounce off strong support. Stop below local support limits risk, while TPs target resistance zones and the potential breakout level. Short:$BTC •Entry: 94,500 – 94,700 •SL: 96,000 •TP1: 91,000 •TP2: 88,300 Rationale: Entering near the prior high/resistance allows shorting at a likely liquidity area. Stop above resistance limits risk, while TPs target the local support and prior lows for a measured retracement.

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⚡ ZEC WARNING — BEWARE THE WICKS The recent volume candle on $ZEC didn’t expand—it compressed. That top wick you see? It’s a sign of rejection at major resistance, not buying strength. What you want is a solid, full-bodied candle closing above the level, followed by volume expansion on the next candle to confirm the move. Without that, price can easily roll over, trapping late longs. Repeated upper wicks tell the story: sellers are active, support below is passive, and in a compressing triangle structure, the side doing the rejecting usually wins. ZEC Trading Plans:$ZEC LONG — Acceptance Above $400 Entry: 420–430 SL: 398 TP: 455 → 485 → 520 SHORT — Rejection at Supply Entry: 455–470 SL: 495 TP: 420 → 385 → 350 Bias Rule:$ZEC Hold above $400 → favor longs Rejection at 460s → short the failure This is a tricky game—patience and confirmation are key.

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🚨 $ZEC UPDATE — WICK ANALYSIS When a structure shows more upside wicks than downside wicks, that tells you a lot. Upper wicks = price rejected Lower wicks = price defended Repeated rejection at highs shows sellers are active, while support below remains passive. In a compression (triangle) structure, the resolution usually favors the side doing the rejecting. Trading Plan — $ZEC Long — Acceptance Above $400 Entry: 420–430 SL: 398 TP1: 455 TP2: 485 TP3: 520 Why long? • $400 reclaimed = former resistance now acting as support • LTF structure showing higher highs / higher lows • No fast rejection back below $400 → buyers defending Short — Rejection at Supply$ZEC Entry: 455–470 SL: 495 TP1: 420 TP2: 385 TP3: 350 Why short? • Strong supply zone from previous breakdown • Momentum exhaustion likely after sharp push • Weak volume = distribution, not continuation Bias Rule: Hold above $400 → favor longs Rejection at 460s → short the failure

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🚨 ETH/BTC UPDATE — KEY SUPPORT TESTED ETH bounced back to ~$2,980 after tapping the $2,950–$2,970 zone, showing buyers defending near short-term support. However, Bitcoin’s recent momentum continues to drive ETH’s direction, keeping the pair under pressure. A break below $2,950 could trigger further downside, while reclaiming $3,000–$3,020 might signal a short-term relief rally. Trading Plan — $ETH /USD Long:$ETH Entry: 2,975–2,985 SL: 2,930 TP1: 3,030 TP2: 3,100 TP3: 3,150 Why long? • Support held near 2,950–2,970 • Reclaim of ~$2,980 indicates short-term buyer strength • RSI and momentum suggest oversold conditions on LTF Short:$ETH Entry: 3,020–3,040 SL: 3,070 TP1: 2,980 TP2: 2,950 TP3: 2,920 Why short? • Resistance at 3,020–3,040 zone • Momentum slowing while $BTC still controlling market • Weak volume on rallies → likely distribution, not continuation Bias rule: Hold above 2,980 → favor longs Fail to reclaim 3,020 → short the failure

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There was a time when many were hoping the market would turn a new page once Trump took office 😂 But after a year, it seems most had to face disappointment 😁 Only $BTC and a few altcoins delivered decent ROI, while plenty of traders quietly bowed out :(($ETH $SOL Let’s hope 2026 and 2027 bring a bit more cheer =))

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