- Triple-test significance: a third touch of a long-term trendline ➜ heightened odds of a reaction; failure to break cleanly often confirms a major top.
- Watch for confirmation signals—weekly bearish RSI divergence, waning volume, or rejection wicks can validate a reversal scenario.
- Breakout = regime change: a decisive close and hold above the line flips it to support, opening the door to fresh price discovery and potential parabolic upside.
- Large Orders at $114k create a visible demand wall in the order book, signalling that whales / institutions are ready to absorb a dip and accumulate at that level.
- Risk-management alert: consider tightening stops, reducing leverage, or hedging until trendline fate is resolved.
The buy pressure has been relentless but this is always worth paying attention to
Marty Boots | 17-Year Trader — smash that , hit LIKE & SUBSCRIBE, and share your views in the comments below so we can make better trades & grow together!
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Discord - No 1 Trading & Education Room:
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Website: Signup
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Free Customisable Data Alerts Platform:
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.