Looking at the 4-hour chart, after the price was pushed down from the 15.250 supply zone, it has clearly started to weaken. The previous low has already been broken, so this downward trend is already taking shape. The current position is quite suitable for setting up a short.
Here’s my plan: enter a short around 13.215, with a stop loss set above 13.637. If this high can't hold, selling pressure should continue to be released.
Target levels are divided into two: first target at 12.581, second at 11.948. From a technical pattern perspective, the price is still running below the recent highs, which indicates the bears are still in control—this is the core reason I dare to open a position.
Of course, if it suddenly breaks through 13.637, that would mean the structure has changed, and this short-term bearish logic wouldn't hold, so I'd have to admit defeat and exit.
Trade at your own risk, just for reference, not investment advice.
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MEVHunterWang
· 12-06 16:20
If 13.637 breaks, just run. This wave is a bit fierce.
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TopBuyerBottomSeller
· 12-06 16:19
It’s another bull trap. Last time I said this, it got dumped right back to breakeven.
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ZKSherlock
· 12-06 16:15
actually... have you considered what *really* drives price rejection at those supply zones? because the technical setup here is giving "pattern recognition without understanding underlying mechanics" vibes, ngl
#比特币对比代币化黄金 ⚡ Recently watching for short opportunities on $AVAX
Looking at the 4-hour chart, after the price was pushed down from the 15.250 supply zone, it has clearly started to weaken. The previous low has already been broken, so this downward trend is already taking shape. The current position is quite suitable for setting up a short.
Here’s my plan: enter a short around 13.215, with a stop loss set above 13.637. If this high can't hold, selling pressure should continue to be released.
Target levels are divided into two: first target at 12.581, second at 11.948. From a technical pattern perspective, the price is still running below the recent highs, which indicates the bears are still in control—this is the core reason I dare to open a position.
Of course, if it suddenly breaks through 13.637, that would mean the structure has changed, and this short-term bearish logic wouldn't hold, so I'd have to admit defeat and exit.
Trade at your own risk, just for reference, not investment advice.