๐ข Warning Post ():
โ ๏ธ Important warning for Bitcoin traders โ ๏ธ
Bitcoin is currently facing clear overbought conditions after a strong rise, with the appearance of candles with long upper wicks (price rejection) near a previous peak.
๐ A break of the upward trendline has occurred, which is a sign of weakness in the upward movement.
โ Advice: โ Avoid buying in this area
โ Wait for a price correction or new confirmation before considering buying
๐ Indicators like RSI show overbought conditions above 70, which reinforces the likelihood of a temporary decline.
๐ Always trade with the trendโฆ but in safe areas, and away from market traps.
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๐ข Post Idea ():
โ ๏ธ Important Bitcoin Trading Warning โ ๏ธ
Bitcoin is currently facing clear overbought conditions after a strong rally, with multiple rejection wicks near a previous high.
๐ A trendline break has occurred โ a sign of weakening bullish momentum.
โ My advice: โ Avoid buying at this zone
โ Wait for a correction or a new confirmed setup before considering longs
๐ Indicators like RSI are showing overbought levels above 70, which increases the risk of a pullback.
๐ Always trade with the trend โ but in safe, confirmed areas. Stay sharp.
