📊 Cycle Structure:
HWC (Higher Wave Cycle): Bearish with a mild slope 🔽
MWC (Middle Wave Cycle): Bullish 🔼
LWC (Lower Wave Cycle): Bullish 🔼
While both the mid and short-term cycles are pushing upward, the dominant bearish trend in the higher timeframe still weighs heavier, tilting the bias toward short setups.
📐 Market Structure:
Price is moving within a descending daily channel.
There's a 1H ascending trendline that has been tested four times already — currently heading into a fifth test.
The previous (fourth) reaction was weak, which statistically increases the chance of a breakout on the fifth touch.
The 3290 zone remains a strong resistance and a good target for short-term profit-taking on short positions.
📈 Alternate Long Scenario:
If buying pressure intensifies and price breaks above the 3345 key resistance, it could trigger a shift toward a bullish bias and challenge the integrity of the descending channel. This would invite breakout traders to join the move. However, this remains a secondary scenario, not the primary focus right now.
📌 Main focus remains on identifying short opportunities near resistance with proper risk management in place.
📌 If you'd like a specific pair or coin analyzed, drop it in the comments — I’ll choose from there.
⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA
HWC (Higher Wave Cycle): Bearish with a mild slope 🔽
MWC (Middle Wave Cycle): Bullish 🔼
LWC (Lower Wave Cycle): Bullish 🔼
While both the mid and short-term cycles are pushing upward, the dominant bearish trend in the higher timeframe still weighs heavier, tilting the bias toward short setups.
📐 Market Structure:
Price is moving within a descending daily channel.
There's a 1H ascending trendline that has been tested four times already — currently heading into a fifth test.
The previous (fourth) reaction was weak, which statistically increases the chance of a breakout on the fifth touch.
The 3290 zone remains a strong resistance and a good target for short-term profit-taking on short positions.
📈 Alternate Long Scenario:
If buying pressure intensifies and price breaks above the 3345 key resistance, it could trigger a shift toward a bullish bias and challenge the integrity of the descending channel. This would invite breakout traders to join the move. However, this remains a secondary scenario, not the primary focus right now.
📌 Main focus remains on identifying short opportunities near resistance with proper risk management in place.
📌 If you'd like a specific pair or coin analyzed, drop it in the comments — I’ll choose from there.
⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.