📌 I entered the short around 0.06074 after price pushed into a resistance zone and started losing strength. The move up formed a rising wedge structure, and once it broke down from that pattern, it showed the buyers were no longer in control ✅
📌 After the rejection, price struggled to stay above the moving averages and began trading below them, which often signals a shift toward downside pressure. Momentum was also fading, and the market started forming lower highs. Seeing the wedge breakdown, resistance reaction, and weakening structure together, I expected a move lower and decided to take the short 🚀💸
I took the short at 6.213 after noticing the price was struggling near a key resistance area and couldn’t continue the upward move. The structure started to look weak as it formed a rising wedge and then broke down from it, which usually signals a bearish move.
After that breakout, price began making lower highs and losing momentum. It also slipped below the moving averages, showing sellers were slowly taking control. RSI was also pointing down, confirming the strength was fading. Seeing the wedge breakdown, resistance rejection, and weakening momentum together, I expected the price to move lower, so I entered the short.
📌I entered the long around 0.1090 because the overall structure was bullish and the market was showing continuation strength. After completing a corrective pullback (wave 2), price started forming higher lows and pushing upward again, suggesting the start of wave 3 — which is usually the strongest move in an Elliott Wave cycle 🚀
📌The price was also holding above key moving averages, which were acting as dynamic support. In addition, RSI was strong and staying in the bullish zone, showing buyers were in control. With trend structure, momentum, and moving averages all aligned to the upside, the probability favored continuation higher, which is why I opened the long position 💸🚀
📌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 🔥💸