As expected, a lower low has been formed, taking out previous low and liquidity levels.
From here, the trend is very much bearish, however there is a bullish divergence that has formed against the Stochastic.
I believe we will see a short rebound, but the bearish FVG area and resistance zone is the maximum level it will probably bounce to before heading lower.
ZKP is showing a strong downtrend đ The major trend line has already been broken, confirming bearish momentum.
đť Trade Plan ⢠Entry: Market ⢠Direction: SHORT ⢠Target (TP): Last major support zone ⢠Stop Loss: Above recent resistance / trend line break
â ď¸ Risk Management ⢠Use proper position sizing ⢠Risk only 1â2% per trade ⢠Avoid over-leverage ⢠Wait for confirmation if youâre a conservative trader
Market structure is clearly bearish â sellers are in control. Trade smart and protect your capital.
âď¸ Trade with the trend âď¸ Use Support & Resistance âď¸ Enter only after confirmation âď¸ Always use SL âď¸ Risk max 1â2% per trade âď¸ Minimum 1:2 RiskâReward
â No plan = No trade â Emotion = Account destruction
đ¨ $TOTAL3 â WATCH OUT FOR ALTCOINS! đ¨ $BTC $ETH $BNB For traders who are not yet positioned in altcoins, I strongly recommend avoiding FOMO entries right now â ď¸
đ Why? Most altcoins are trading at highly elevated levels, increasing the risk of a pullback.
đ This is clearly visible on the $TOTAL3 chart: ⢠Price is facing a strong resistance zone ⢠The 100-Day Moving Average ⢠Previously acted as support ⢠Now broken down and flipped into resistance
đ As long as $TOTAL3 remains below this level, upside for altcoins may be limited, and corrections are possible.
đ Smart Move: âď¸ Wait for confirmation âď¸ Avoid emotional entries âď¸ Capital protection comes first
Price has rejected the previous bullish trendline and is now testing the support area i marked, a FVG.
From here, we should see a slight bounce, but nonetheless, the bias is still bearish and price would most likely head lower after. #BinanceHODLerBREV #BTCVSGOLD
đ $RIVER â Bearish Breakdown Alert đ¨ $RIVER has broken below the key trendline, confirming bearish momentum. Sellers are in control and the chart structure suggests a potential dump incoming.