$AUCTION I'm preparing a long setup here against the panic. 📈
HTF (4H/Daily) Context: We're in a strong downtrend, but the sell-off is exhausting. Price is compressing below the 200 EMA, yet holding above the recent swing low (~6.03). More importantly, RSI on the 4H is showing bullish divergence—price made a lower low, but RSI did not. This is a classic reversal signal.
Market Psychology: Retail is trapped short, chasing the -17% drop. Funding rates are deeply negative (recently -0.1%), creating a powder keg for a short squeeze. The crowd is selling the breakdown; I'm buying the hidden strength.
LTF Execution (1H/15m): I want to see price reclaim the EMA cluster (6.20 - 6.25) on the 1H with volume. My entry will be on a retest of that zone as new support.
Trade Plan:
• Entry Zone: 6.18 - 6.25
• Stop Loss: 5.98 (below the recent low and liquidity pool)
• TP1: 6.65 | TP2: 7.00 | TP3: 7.50 (200 EMA)
• R:R: 1:3.5+ 💣
• Invalidation: A sustained 1H close below 5.95. That would break the structure and negate the divergence.
This is a high-conviction, risk-defined reversal play. The imbalance between price action and momentum tells the real story.#USIranStandoff #StrategyBTCPurchase
