CRYPTO_BOY071

$ETH /USDT
1 HOURS chart

Strong rejection near 3,057 → price tried to go up fast and got sold hard.

Sharp drop afterward → momentum turned bearish short-term.

Current price ~2,933 is sitting near a support zone (around 2,910–2,920).

Candles after the drop are small and choppy → market is undecided, cooling off.

How traders usually interpret this

📉 Below 3,000 after rejection = short-term weakness

🧱 2,910–2,920 = important support

🔁 If support holds → possible bounce

❌ If support breaks → price may move lower

Learning takeaway (not advice)

Buying after a big pump is risky

Selling into strong support can also be risky

Waiting for confirmation (clear bounce or clear breakdown) is often safer

If you want, I can:

Explain support & resistance using this chart

Show how to spot trend changes

Help you practice paper trading (no real money)

$ETH /USDT (1-Hour Chart)

1️⃣ Trend Analysis

Overall short-term trend is bearish

Price made a strong impulsive move up, then immediately sold off

That kind of move usually means distribution, not healthy growth

➡️ Bias: Weak / corrective phase

2️⃣ Resistance Zones

3,050 – 3,060 → major rejection area (strong sellers)

3,000 → psychological resistance
Price failed to hold above both

➡️ As long as price is below 3,000, upside is limited

3️⃣ Support Zones

2,910 – 2,920 → current short-term support

2,880 – 2,890 → next strong support if breakdown happens

Price is hovering just above support, which is a danger zone.

4️⃣ Candle Structure

Large red candles after the top → strong selling pressure

Small candles now → indecision, not strength

No strong bullish engulfing or reversal candle yet

➡️ This is not a confirmed reversal

5️⃣ Market Psychology

Buyers chased the pump → sellers trapped them

Now buyers are scared, sellers are waiting

This often leads to:

a small bounce then continuation down, OR

a sideways range before next move

Probable Scenarios (Education Only)

Current Situation (from image)

$BTC /USDT price is around $87,500.

There was a sharp upward spike to ~90,400.

Followed by a strong drop and then some sideways movement.

The candles show recent selling pressure after the spike.

Bids and asks are roughly balanced (~52% bids, ~48% asks), meaning the market isn’t one-sided.

📌 What This Might Mean

🟥 Short-Term Bearish Signals

After the spike, the red candles indicate sellers stepped in strongly.

Price broke down from the recent high and pulled back.

If support around ~86,800–87,000 breaks, more downside is possible.

🟩 Possible Bullish Signs

Price did not crash to previous lows — it rebounded after the drop.

If it stabilizes above short-term support and starts forming green candles with volume, buyers may return.

Price is still above some recent lows.

❓ Buy or Sell?

Here’s a neutral breakdown:

✅ Bullish (Buy) scenario

Price breaks above the recent high (~90,400).

Volume increases with green candles.

Support holds at ~87,000.

❌ Bearish (Sell) scenario

Price continues making lower highs and lower lows.

Support breaks decisively below ~86,800.

Red volume picks up and bid pressure shrinks.

💡 Neutral / Wait

Right now it looks like consolidation after a big move.

No clear trend confirmed yet.

Often the best move is to wait for confirmation before entering.

🧠 Strategy Ideas (Not Advice)

If you’re bullish:

Wait for a breakout above recent resistance with strong volume.

Use stop losses below recent swing low to manage risk.

If you’re bearish:

Consider shorting if price breaks support with momentum.

Use stop losses above recent swing highs.

If you’re unsure:

Stay on the sidelines until there’s a confirmed trend.

Small range trading between support/resistance can work, but risk is still high.

📉 Technical Indicators to Watch Next

Support Level: ~86,500 – 87,000

Resistance Level: ~89,800 – 90,400
#BTC90kChristmas #StrategyBTCPurchase #BTCVSGOLD #USJobsData #USGDPUpdate

bnb

$XPL and $SOPH TRY YOUR LUCK!

buongiorno

buongiorno

sì

🌞

freddo

22k

buongiorno

sim

buona notte

$MET premio campione del trading futuro. controlla il tuo hub premi
#MET #RewardHubs #RewardHubVoucher

Vai al centro premi e reclama il tuo premio $INJ
#InjectiveCoin #REWARDS #binanceacademyreward

Ho fatto 1500+ volumi a $MET , quanto riceverò a $MET ?