3 weeks of clean rally, now time to cool off. 🧊 Expecting a 2-week correction phase. Not a crash, just a healthy pullback limited to 85k-86k max. 📉👀 $BTC
🚨 $ETH ETH TRADE ALERT: Rejection at $3400 Incoming? 📉🐻
Ethereum is facing a massive wall at $3400! 🧱 The charts are showing exhaustion, and it looks like a "secondary high."
📉 Direction: BEARISH (Short) 🔴 🚪 Entry: Around $3365 💰 Take Profit (TP): $3222 👇 🛑 Stop Loss (SL): $3390 ❌
⚡ Why Short? While #Bitcoin ($BTC ) might be unwinding, ETH clearly lacks the long volume to break resistance. We are trading below 3400 strictly.
⚠️ Risk Check: This is a scalping setup! Leverage: 20x (High Risk) ⚡ Size: Small (10% max) - Do not go heavy! If it breaks 3400, the setup is invalid. Let’s see if the bears can push it down! 📉💸
Here is the clear reality for the market over the next 1-2 months: ✅ FOR SPOT TRADERS: The direction is undeniably UP! 🟢 It is certain that ALL coins are preparing for a massive rally. If you hold spot, just sit back and wait. 💰
⚠️ FOR LEVERAGE TRADERS: STOP! 🛑 Do not rush into aggressive Longs yet. For safe leverage entries, $BTC MUST break the resistance first! Without that breakout, high leverage is dangerous.
Be bullish on Spot, but extremely patient on Futures! 🧠🤝
BTC Price Action: Bitcoin is trading sideways within the $96,000 - $97,000 range. It remains stable without any major breakout.
DASH Price Action: Dash has been much more volatile: It was hovering around $80 during the night. It wicked down to $76.17 early this morning (successfully defending support).
Immediately after, it saw a sharp reaction, spiking up to $86.50. Currently, it has corrected to $79.20, once again testing the critical $80 resistance level.
Outlook 👀 Consistent with the previous analysis, Dash is fighting to hold above $80. The strong bounce from the $76 dip to $86 confirms significant buyer interest.
$DASH has successfully smashed through the critical $80 resistance! 💥 It is crucial that we consolidate and establish a foothold above this level for the next leg up.
Here is my outlook:
📉 Support Levels: A minor pullback could see us retest $62, but I consider this a low probability scenario.
🔗 Market Correlation: Dash is currently reacting in sync with #Bitcoin. Even if $BTC were to dip to 90k, I expect Dash to hold strong around $70 maximum.
💪 Momentum: The overall price action is solid and powerful. The structure looks very healthy.
🎯 Target: I remain bullish and am sticking to my prediction: We are heading to $120! 📈