🚦 Current Situation:
After a long consolidation, the price is showing a downward breakout and notable decline. The market remains in a sideways range, but there are signs of a potential breakout. Let's analyze the current situation.
🧠 Technical Analysis:
🔍 Key Observations:
Trend: We are still within an upward channel, with a mirror support level below.
Fractal Analysis: The current situation resembles the market structure from February to October 2021. This could indicate a possible repeat of a prolonged recovery scenario.
🕒 Timeframe: The recovery could take several months, so it is important to remain patient and monitor key support levels.
🛠️ Updated Strategy:
📈 Long:
Planning to set limit orders in the marked green zones:
🟢 First zone: 87,673 USDT — potential bounce after a squeeze.
🟢 Second zone: 75,194 USDT — a more aggressive scenario if bears break through support.
❌ Not considering short positions, because:
There's a risk of a sharp rebound.
A potential reversal scenario through stop-loss hunting.
The market remains highly volatile, and a bearish impulse could quickly turn bullish.
📊 Technical Outlook:
Support Level: 91,097 USDT — red line.
Interest Zones: Highlighted in green, including potential squeeze zones.
Liquidity Areas: Possible squeeze to collect stop-losses before growth.
Base Scenario:
Expecting a squeeze below 91,097 USDT, reaching the first long zones.
After that, a bounce and development of a bullish impulse are possible.
The primary goal is a return to the 100,000+ USDT zone.
⚠️ Risks:
Breaking key support zones could lead to a deeper correction.
High volatility requires strict risk management and avoiding emotional decisions.
📌 Conclusion:
Carefully monitoring the market, analyzing reactions at support levels, and being prepared for a potential correction. The focus is on limit orders in potential squeeze zones, avoiding rushed short positions.
🧠 The strategy remains balanced, considering the potential repeat of the 2021 fractal. If the support level holds, a prolonged recovery with growth potential is possible.
📈 The main goal is to act wisely and maintain a focus on the long-term perspective! 🚀
After a long consolidation, the price is showing a downward breakout and notable decline. The market remains in a sideways range, but there are signs of a potential breakout. Let's analyze the current situation.
🧠 Technical Analysis:
🔍 Key Observations:
Trend: We are still within an upward channel, with a mirror support level below.
Fractal Analysis: The current situation resembles the market structure from February to October 2021. This could indicate a possible repeat of a prolonged recovery scenario.
🕒 Timeframe: The recovery could take several months, so it is important to remain patient and monitor key support levels.
🛠️ Updated Strategy:
📈 Long:
Planning to set limit orders in the marked green zones:
🟢 First zone: 87,673 USDT — potential bounce after a squeeze.
🟢 Second zone: 75,194 USDT — a more aggressive scenario if bears break through support.
❌ Not considering short positions, because:
There's a risk of a sharp rebound.
A potential reversal scenario through stop-loss hunting.
The market remains highly volatile, and a bearish impulse could quickly turn bullish.
📊 Technical Outlook:
Support Level: 91,097 USDT — red line.
Interest Zones: Highlighted in green, including potential squeeze zones.
Liquidity Areas: Possible squeeze to collect stop-losses before growth.
Base Scenario:
Expecting a squeeze below 91,097 USDT, reaching the first long zones.
After that, a bounce and development of a bullish impulse are possible.
The primary goal is a return to the 100,000+ USDT zone.
⚠️ Risks:
Breaking key support zones could lead to a deeper correction.
High volatility requires strict risk management and avoiding emotional decisions.
📌 Conclusion:
Carefully monitoring the market, analyzing reactions at support levels, and being prepared for a potential correction. The focus is on limit orders in potential squeeze zones, avoiding rushed short positions.
🧠 The strategy remains balanced, considering the potential repeat of the 2021 fractal. If the support level holds, a prolonged recovery with growth potential is possible.
📈 The main goal is to act wisely and maintain a focus on the long-term perspective! 🚀
Telegram Channel⏩ t.me/+aTlXBWnLy2Y4OTQ6
🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881
🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram Channel⏩ t.me/+aTlXBWnLy2Y4OTQ6
🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881
🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.