📈 Bullish Momentum Building – Watch for a Sharp Move
Since the upward move started from $105,363, we've seen a rise in volume alongside the price — a positive sign. If RSI on the 4H timeframe pushes into the overbought zone (above 70), it could trigger a sharp breakout.
Most short positions are likely to get liquidated between $110,880 and $111,320, which may overlap with an RSI breakout and add fuel to the move.
So here's how I'm planning this:
Use a stop-buy order to catch a breakout and enter a long position.
Place your stop-loss around $108,500.
For the entry point, check your exchange’s order book — I’m still not fully convinced $110,246 is the best trigger.
If price drops to around $107,765, it's not a big concern — the structure remains bullish. Ideally, though, we don’t want to go below $108,620.
Don't forget to manage your risk — fakeouts are still possible. And if you get stopped out once, don’t get discouraged. Stay focused — we might be close to a strong move over the next few days.
💬 What’s your plan? Drop your thoughts in the comments — I read all of them!https://www.coinglass.com/pro/futures/LiquidationHeatMap
Since the upward move started from $105,363, we've seen a rise in volume alongside the price — a positive sign. If RSI on the 4H timeframe pushes into the overbought zone (above 70), it could trigger a sharp breakout.
Most short positions are likely to get liquidated between $110,880 and $111,320, which may overlap with an RSI breakout and add fuel to the move.
So here's how I'm planning this:
Use a stop-buy order to catch a breakout and enter a long position.
Place your stop-loss around $108,500.
For the entry point, check your exchange’s order book — I’m still not fully convinced $110,246 is the best trigger.
If price drops to around $107,765, it's not a big concern — the structure remains bullish. Ideally, though, we don’t want to go below $108,620.
Don't forget to manage your risk — fakeouts are still possible. And if you get stopped out once, don’t get discouraged. Stay focused — we might be close to a strong move over the next few days.
💬 What’s your plan? Drop your thoughts in the comments — I read all of them!https://www.coinglass.com/pro/futures/LiquidationHeatMap
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.
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.