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Bitcoin Approaches a Critical Liquidity Zone
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Decoding the Heatmap: Where is the Money Flowing?
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$FOLKS The price is currently in a high-volatility zone! š¢ After a massive parabolic rally, the pair hit a major Supply Zone (the red box around 44.00) and faced a sharp rejection, dropping back down to earth. š Currently, the price is consolidating around 26.55. š It seems to be finding support along the orange moving average and is holding above the marked CHoCH (Change of Character) level. This indicates that while the selling was intense, the uptrend structure hasn't completely collapsed yet. š”ļø The RSI indicator at the bottom has cooled off significantly from overbought levels and is now in neutral territory. āļø This reset gives the price "room to breathe." If the immediate support holds, we might see a recovery bounce; however, a drop below the recent wicks (around 24.30) could signal further downside! š» šø"Rekt or Rich? š Drop your entry price! Let's see who's actually making money and who's just donating to the market maker. š" our previous : Outlook #NFA #DYOR
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$BAS at The "Coiling" Phase The Pattern: We are seeing a clear Symmetrical Triangle (or Bullish Pennant) forming. This usually happens after a strong move up, where the market takes a breath before the next big jump. šš¤ Price Squeeze: The price is getting squeezed tight between the two blue lines. It is "coiling" like a spring, getting ready to explode in one direction! šš„ Trend: The overall trend is Bullish because the price is above the purple and blue support lines. šš š Key Indicators RSI (Relative Strength Index): The RSI is sitting comfortably at 50.44. This means there is plenty of "fuel" left in the tank for a pump if buyers step in. ā½š Volume: Volume is dropping (getting smaller bars). This is classic behavior before a breakout. The quiet before the storm! š¤«š© šÆ Targets & Strategy : The Goal: The chart has a measured Target set around 0.0075 if it breaks out to the upside. šÆš° The Trigger: Wait for a candle to close above the top blue triangle line. That is your green light! š¢š¦ Support: The Orange line (EMA) is acting as a dynamic support around 0.0053. If it drops below this, the setup might fail. š” Summary: This is a great Scalping Setup. The RSI is healthy, and the pattern is clean. Watch it closely for the breakout! ššæ #dyor #NFA #SantaRally2025
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$FOLKS Massive Pump: The trend is vertical and parabolic! It smashed through all resistance levels. šš„ šØ EXTREME WARNING: The RSI is at 90! This is incredibly high. The price is "overheated" and way above the average price. š„š„µ Selling Pressure: That long wick at the top (31.44) means sellers are pushing the price back down. Profit-taking has started. ššø Conclusion & Strategy : Bullish Case: The momentum is undeniable. If it breaks the wick high of 31.449, it enters "price discovery" mode again. šāØ Bearish/Correction Case: Due to the RSI being at 90, a correction is highly likely. The price might drop to retest the previous breakout levels (around 20.00 - 24.00) to find stable support. š»š”ļø Summary: The chart is looking incredibly bullish but risky. Entering a trade right now is chasing the pump (FOMO). It is usually wiser to wait for the RSI to cool down! š§š§āāļø #NFA #DYOR š #SantaRally2025
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