On the chart we see how the price removed SSL liquidity and tested IMBALANCE, after which it changed the nature of the price movement with the IMB test, now we are working with liquidity in IMB and continuing the upward movement!
The game plan is simple: wait for a relief bounce into 76K – 76.3K. If we see a solid rejection or reversal candle on the M15 or M30, we execute the SHORT.
First take-profit is 75.3K. Lower targets are 74.8K and 74.5K.
📉 BTC 16/09 – FOCUS ON SHORTS. DON'T CHASE AT THE LOWS.
BTC took a hard rejection at 79.4K–79.6K and is bleeding into continuous lower highs and lower lows. On M15, M30, and H1, price is trapped below key short- and mid-term moving averages. Selling pressure is dominant.
Neither H1 nor H4 shows any valid signs of a reversal yet. Treat any upward push as a relief bounce designed to offer better SHORT entries, not a reason to rush into Longs.
Stop fighting the trend. Wait for the bounce into resistance, watch for the rejection, and execute.
𝕍𝕀ℙ 𝕊𝕔𝕒𝕝𝕡𝕚𝕟𝕘 𝕊𝕖𝕤𝕤𝕚𝕠𝕟𝕤 🔐🪙 $PYTH SHORT 📉 Input: 0.05384 - 0.05826 Targets: 0.05316,0.05236,0.05013 Stop: 0.05919 On the chart we see how the price worked with BSL liquidity, tested POI, broke the nature of the movement, now we are working with liquidity in IMB and continuing the…
PYTH: Initiating the short position 📉.
A 25% reduction of the position has been executed.
On the chart we see how the price worked with BSL liquidity, tested POI, broke the nature of the movement, now we are working with liquidity in IMB and continuing the downward movement towards SSL!