Signal Box
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RSI is below the trendline, and the candle is also below the trendline.
Where is the price headed?
#btc
@cryptoboxtobox
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Signal Box
So this case is now closed, unless it gives us another entry later.
#h
@cryptoboxtobox
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His liquidation point is at $108,630.
Even The Wolf of Wall Street wouldn’t have dared to enter a position like that.
@cryptoboxtobox
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#btc
@cryptoboxtobox
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@cryptoboxtobox
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👉 If the price action is truly aiming to complete this pattern, then it shouldn’t go much higher than the 120,000 area.
If it does go above that level, then the chart setup would be invalidated.
#btc
@cryptoboxtobox
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👉 The key support level here is around 4.23%, and
👉 If it’s truly forming a Head & Shoulders pattern, then it shouldn’t drop below 4.20% — otherwise, the pattern would be invalidated.
@cryptoboxtobox
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Signal Box
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But there’s risk involved — it’s 99% more suitable for spot trading.
@cryptoboxtobox
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Support lies at the ascending trendline near the 0.16000 level.
#dogecoin
@cryptoboxtobox
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plus a long upper shadow from before that might get filled.
#cross
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Signal Box
#cross
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