$BTC
— How do you know if a breakout pullback is healthy or the breakout is failing?
BTC broke out of its previous range and pushed towards $87K.
Now it's retracing. 2Sydes shows:
• Trend: STRONG BULLISH
• Money Flow: POSITIVE
• Price: ABOVE 200 EMA
So where could this pullback find support?
First area: $81,300–$81,500 — the top of the previous range could flip from resistance into support.
If that fails, the rising 200 EMA around $79K could provide dynamic support.
A recovery and hold above any of these areas would suggest the retracement may be over.
The lesson? After a breakout, watch how price behaves when it returns to the structure it escaped from. Old resistance can become new support.
Invalidation of this pullback idea lives above $84600K.
Follow for more...See what others miss. Trade with intelligence.
#BTC
— How do you know if a breakout pullback is healthy or the breakout is failing?
BTC broke out of its previous range and pushed towards $87K.
Now it's retracing. 2Sydes shows:
• Trend: STRONG BULLISH
• Money Flow: POSITIVE
• Price: ABOVE 200 EMA
So where could this pullback find support?
First area: $81,300–$81,500 — the top of the previous range could flip from resistance into support.
If that fails, the rising 200 EMA around $79K could provide dynamic support.
A recovery and hold above any of these areas would suggest the retracement may be over.
The lesson? After a breakout, watch how price behaves when it returns to the structure it escaped from. Old resistance can become new support.
Invalidation of this pullback idea lives above $84600K.
Follow for more...See what others miss. Trade with intelligence.
#BTC
