🔸 Entry #2 (Pullback Buy): Trigger: Rejection at $106,774 and pullback to $105,800–$106,000 support zone
Confirmation: RSI reset + bullish candlestick pattern (e.g., hammer or engulfing) on 15m
Target: $107,500 – $108,000
SL: $105,500
⚠️ Risk Management: Trade with tight SL – BTC volatility is high
Avoid entries if BTC consolidates below $105,800
If RSI on 15m crosses above 70 again after pullback, confirm continuation
🧠 Summary: BTC just completed a sharp rally from $98K to $106K. A breakout above $106.7K or a healthy pullback to $105.8K would offer a high-probability 15-minute scalp trade, backed by strong momentum and volume confirmation.
🟢 Watch for the breakout – stay nimble & disciplined!
NEWT/USDT saw a massive pump from $0.30 to $0.86, followed by a strong correction back to the $0.49 level. This indicates the initial hype has cooled down, and the price is now consolidating.
✅ Reasons to Consider a Trade:
Oversold RSI (24.04) RSI(6) shows extreme oversold conditions. This could signal a short-term bounce or reversal opportunity.
Support Zone Around $0.48–$0.49 This zone has been tested multiple times in the past few candles and seems to be acting as interim support.
Declining Selling Volume After the major sell-off, volume is gradually decreasing, suggesting sellers may be losing momentum.
MA Convergence MA(5) and MA(10) are flattening, indicating a potential base forming for a reversal if bulls step in.