📌I opened the short around 0.7179 because the price was moving inside a rising wedge and kept getting rejected from the upper trendline twice, which usually signals weakness. At the same time, RSI was dropping, showing buyers were losing strength, and the price was also reacting below the moving averages, acting like resistance ✅
📌 After the wedge broke down, it gave a clear sign that the upward move was ending and a pullback could start, so I entered the short position expecting the price to move lower 🔥🚀 $CYBER
📌I opened a short trade around 0.3721 because the price reached a strong resistance zone where it had previously rejected, and the overall upward move looked exhausted after completing a full Elliott Wave cycle ✅
📌At that level, price failed to break higher and started showing rejection with weakening momentum, while RSI also indicated buyers were losing strength. In addition, the price reacted from a moving average resistance area, which often signals a potential pullback ✅
📌 Based on these combined signals — resistance, trend exhaustion, and rejection — the probability favored a downside correction, which is why I entered the short trade 🔥💸
🚨 BTC 1W TIMEFRAME — WAVE C NEAR COMPLETION? BIG REVERSAL ZONE AHEAD
📌On the weekly higher timeframe, BTC has already completed the Elliott Wave impulse structure (1-2-3-4-5), followed by corrective waves A and B ✅
📌Currently, the market is forming Wave C, which is the final leg of the correction phase according to Elliott Wave theory ✅
📌Price is moving toward the major green higher-timeframe support zone, a historically strong demand area where buyers previously stepped in aggressively ✅
📌If Wave C completes and price closes holding above this green support range, selling pressure is likely to fade and accumulation may begin ✅
📌That zone could act as the base for a bullish reversal and the start of a new impulsive upward cycle on the higher timeframe ✅
📌Final outlook: Wave C completion near strong HTF support = high-probability bullish reversal zone if support holds 🔥📈