Resistance Hit: Around 110700, bulls pushed up strong but couldn't break past. That’s your mountain top.
Sell Pressure: After peaking, price fell hard — a lower high was formed, showing the bull had run out of steam.
Support Held: Around 107000, this level acted like the earth — price bounced off it with some strength.
Current Move: A weak attempt at recovery. Candle bodies getting smaller, price chopping sideways. That’s uncertainty — like storm clouds on the horizon.
Trade Setup
"If price walkin’ under the long snake (MA 99), it ain’t a good time to ride with the wind. Better to wait. But if that price come up, crosses the short lines (MA 7 and 25), and holds firm over 108000, maybe she’s waking up again. Still, this ground is shaky. If price drops below 107000 again, she might fall deeper into the canyon."
Trade Plan
Bullish Setup (Wait & Watch):
Entry: If price closes above 108200 with volume, maybe ride the next wave.
Stop Loss: Below 107000
Target: 109500 – 110000 (if volume supports the climb)
Bearish Setup (If Breaks Down):
Entry: If candle closes strong below 107000
Stop Loss: Above 107500
Target: 105500 – 106000
