LDO forming red structures due to recent BTC dump
Just as Bitcoin did, nearly every altcoin turned inside the bearish correction zone and dropped significantly. It remains to be seen if the purple correction zone can hold us up. peronally i dont think it will and i positioned myself short via inversion FvG reentry before the big dump. Since i want to see new range lows on BTC, i wouldnt be suprised if we make it to at least the green resistance line. Hitting the green target zone is on the table as well, however reaching it would be quite concerning since that would invalidate our bullish scenario. Holding both entries (the previous long and the current short) at break even and letting the chart find its own way. Reminder: always mittigate risk. Its not about being right, its about making money.
Trade active
With the dark green structure completed and its target hit, we’ve now printed a new lower low, activating the light green overarching structure. Right now, the market is wrestling for direction within the dark green Overall Correction Level (OCL).
Sure, we could turn here and head lower toward the light green resistance line—that’s on the table. But let’s not ignore the facts: with the blue 0.677 key level already hit, the market still has full legitimacy to climb back into the red turning zone.
So, what’s it going to be—green or red? Will you let yourself get trapped in a short like the rest of retail, driven by fear and panic? Or will you play your edge, stay patient, and act with discipline? The choice is yours.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research.
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.