BTC is sitting at a decision area today. If you only watch 3 things, watch these:
1) Resistance (R1): $78,500
Break + hold above = momentum can expand
2) Support (S1): $75,000
Holding S1 keeps the bounce scenario alive
3) “Line in the sand” (LOS): $73,400
Clean loss of LOS = I stop looking for longs and wait.
My simple plan (no leverage):
Bull case: Break & hold above R1 → look for pullback entry, manage risk.
Bear case: Rejection from R1 → patience; wait for S1/LOS reaction
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💰 $M – Overextended Pump, Reversal Setup 📉
🔽 SHORT
✳️ ENTRY : 4.05 - 4.15 - 4.25
🎯 TARGETS: 3.97, 3.905, 3.380, 3.6600, 3.50 , 3.340 , 3
🀄️ LEVERAGE: 20x
🔴 STOPLOSS: 4.40
Explosive move with parabolic push + vertical candles → classic exhaustion signal
Price already stretched far above MA25 & MA99 → mean reversion likely
RSI overheated (above 90 zone) → strong indication of short-term top formation
MACD showing peak momentum, but histogram may start fading → momentum slowing
If ...
$CHZ is currently trading just below a key resistance zone around 0.0475–0.0485, where price already faced rejection multiple times, indicating sellers are active in this area. The structure is forming a short-term range after an upward push, with lower highs starting to appear — a sign of weakening bullish momentum. Immediate support sits near 0.0445–0.0435, and a breakdown below this level can trigger a sharper move down. Volume is also declining during consolidation, suggesting reduced buying...