Price pushed into a key resistance zone around 71.5k – 72k and is showing signs of exhaustion.
At the same time, we’re seeing a clear increase in Open Interest, which suggests that late leveraged longs are entering the market.
The problem?
Spot is not supporting this move.
Key Idea
This is a classic acceptance vs rejection setup.
- If price accepts above 71.8k → opens upside towards 73k – 73.5k
- If price rejects here → high probability of a move lower to fill inefficiencies.
Why I’m Short?
- Price at HTF resistance
- OI rising → crowded longs
- Weak spot demand
- Lots of liquidity below.
Markets tend to rebalance inefficiencies before continuation.
Trade Setup
- Entry: 71.4k – 71.8k
- Invalidation: Clean acceptance above 72.5k
Targets:
- TP1: 70.5k
- TP2: 68.3k
This is not a prediction, it’s a reaction trade.
If price:
- Rejects → I stay in
- Accepts above resistance → I’m out.
Clean, simple, and based on positioning + liquidity.
At the same time, we’re seeing a clear increase in Open Interest, which suggests that late leveraged longs are entering the market.
The problem?
Spot is not supporting this move.
Key Idea
This is a classic acceptance vs rejection setup.
- If price accepts above 71.8k → opens upside towards 73k – 73.5k
- If price rejects here → high probability of a move lower to fill inefficiencies.
Why I’m Short?
- Price at HTF resistance
- OI rising → crowded longs
- Weak spot demand
- Lots of liquidity below.
Markets tend to rebalance inefficiencies before continuation.
Trade Setup
- Entry: 71.4k – 71.8k
- Invalidation: Clean acceptance above 72.5k
Targets:
- TP1: 70.5k
- TP2: 68.3k
This is not a prediction, it’s a reaction trade.
If price:
- Rejects → I stay in
- Accepts above resistance → I’m out.
Clean, simple, and based on positioning + liquidity.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.