Hi all, It's Jude here
I believe that many of the market dynamics are being clearly reflected on the chart.
Although we are seeing a corrective pullback, the price is still maintaining higher lows at potential rebound zones—suggesting that the bullish trend remains intact and there's still a chance for a new high.
In other words, the trend that began from the 74K and 83K levels hasn’t been broken yet.
The uptrend is not entirely reversed, and while we are facing resistance near the supply zone created during the downtrend earlier this year, the market is consolidating with significant volatility.
This kind of movement—sharp ups and downs—means it's much more efficient to capture profits when clear opportunities present themselves rather than holding blindly.
From a larger time frame perspective, the structure remains unchanged.
We're still in a position where another push to new highs is possible.
That’s why I’ve been consistently suggesting that if you're considering a short position, it’s smarter to look for entries on the lower time frames and only after a meaningful rejection or pullback.
On the other hand, for long positions, wait for confirmation—look for solid support to hold after a meaningful bounce and then enter where your stop-loss is clearly defined and the risk-reward ratio is favorable.
We need to be prepared for both scenarios: a direct continuation to the upside or a broader corrective phase.
And remember, corrections don't always mean a sharp drop—they can also come as sideways consolidations over time. Don't overlook that possibility.
Given the strong rebound we’ve seen, the 94.7K level should act as an important support on any pullback.
Also, don’t assume a strong bounce on the lower time frame automatically means the market has reversed.
Instead, observe if buyers are stepping in consistently—look for signs of accumulation and steady upward movement ("step-by-step" type buying) near the support zones.
Volatility is high, and I’m sure many are managing to take profits quickly. That’s great—but always make sure to have a stop-loss or break-even plan in place after taking profits.
Taking profits is always wise, but catching falling knives is not. There’s no harm in waiting for confirmation and entering on a pullback. That strategy will never be too late.
As I’ve said before, this is the kind of market where it’s easy to feel like “everyone else is making money except me” or “I’m being left behind.”
But especially in times like this, it’s important not to fall into FOMO.
Focus instead on preparing how you’ll respond and capture gains in the next setup. That’s where your energy should be.
I believe that many of the market dynamics are being clearly reflected on the chart.
Although we are seeing a corrective pullback, the price is still maintaining higher lows at potential rebound zones—suggesting that the bullish trend remains intact and there's still a chance for a new high.
In other words, the trend that began from the 74K and 83K levels hasn’t been broken yet.
The uptrend is not entirely reversed, and while we are facing resistance near the supply zone created during the downtrend earlier this year, the market is consolidating with significant volatility.
This kind of movement—sharp ups and downs—means it's much more efficient to capture profits when clear opportunities present themselves rather than holding blindly.
From a larger time frame perspective, the structure remains unchanged.
We're still in a position where another push to new highs is possible.
That’s why I’ve been consistently suggesting that if you're considering a short position, it’s smarter to look for entries on the lower time frames and only after a meaningful rejection or pullback.
On the other hand, for long positions, wait for confirmation—look for solid support to hold after a meaningful bounce and then enter where your stop-loss is clearly defined and the risk-reward ratio is favorable.
We need to be prepared for both scenarios: a direct continuation to the upside or a broader corrective phase.
And remember, corrections don't always mean a sharp drop—they can also come as sideways consolidations over time. Don't overlook that possibility.
Given the strong rebound we’ve seen, the 94.7K level should act as an important support on any pullback.
Also, don’t assume a strong bounce on the lower time frame automatically means the market has reversed.
Instead, observe if buyers are stepping in consistently—look for signs of accumulation and steady upward movement ("step-by-step" type buying) near the support zones.
Volatility is high, and I’m sure many are managing to take profits quickly. That’s great—but always make sure to have a stop-loss or break-even plan in place after taking profits.
Taking profits is always wise, but catching falling knives is not. There’s no harm in waiting for confirmation and entering on a pullback. That strategy will never be too late.
As I’ve said before, this is the kind of market where it’s easy to feel like “everyone else is making money except me” or “I’m being left behind.”
But especially in times like this, it’s important not to fall into FOMO.
Focus instead on preparing how you’ll respond and capture gains in the next setup. That’s where your energy should be.
🔥이룸 스페이스 커뮤니티 가보기!🔥
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
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.
🔥이룸 스페이스 커뮤니티 가보기!🔥
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
►►litt.ly/_erum
🔥이룸 스페이스 BB 지표 신청하러 가기🔥
►►litt.ly/_erum
👉Kakaotalk 코인랩스 카톡정보방
►►bit.ly/Coinlabs_Kakao / 비번 1111
👉코인랩스 공식파트너 🔥BingX🔥
►► bit.ly/bingx_coinlabs
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.