73,510 has been breached intraday, and I’m not treating the area around 72,727 as a bottom either: BTC ETFs saw nearly $1.88 billion in net outflows during November’s first eight trading days
Last time, I said the new low of 73,510 needed to hold, and that until it did, I wouldn’t consider the price level at the time to be a confirmed bottom. As it turned out, late on 11/10 into the early hours of 11/11 (Taipei time), BTC first hit 72,866 at 23:44, then fell to 72,727 at 00:37. That intraday level has now been breached. But to be clear: the daily candle closed at 73,796 on 11/10 and 74,015 on 11/11, so neither day closed below 73,510. Many people treat a “wick down and recovery” as proof that the level has held. I pay closer attention to whether money is flowing back in.
Binance spot data (11/12, 19:19 Taipei time): BTC is around 73,352, down 0.9% over 24 hours, with a range of 73,260–74,811; ETH is around 2,043 (-0.9%); SOL is around 82.86 (-1.2%). Looking at Binance’s UTC weekly candles (which open and close at 08:00 Monday Taipei time), last week (the week of 11/2) opened at 78,354 and closed at 74,851, down about 4.5%. Its low was 73,510, marking the fifth consecutive weekly red candle. This week opened at 74,851, reached a high of 75,599 and a low of 72,727, and is currently down about 2.0%. The current price is only about 0.9% above 72,727. Over the same period, ETH is down about 4.0% and SOL about 4.3%. The 11/4 high was 81,196, putting the current price about 9.7% below it.
The flows haven’t provided support either. Farside data shows that U.S. spot BTC ETFs saw a combined net outflow of about $1.878 billion over November’s first eight trading days (11/2–11/11). Of those eight days, only 11/4 saw a net inflow—$74.6 million—while the other seven days all had net outflows. Since my last post, there was a $201 million net outflow on 11/9 (IBIT: -$213.2 million), a $95 million net outflow on 11/10 (IBIT: -$78.2 million), and another $299.8 million net outflow on 11/11 (IBIT: -$269.7 million). That’s about $596 million in outflows over three days, with IBIT still the main driver. There have now been five consecutive trading days of net outflows since 11/5. In the futures market, BTC perpetual funding rates over the past several periods (since the evening of 11/9) have ranged from +0.003% to +0.010%. They hit 0.010% for four consecutive periods from the evening of 11/9 through 11/10, then eased to 0.003%–0.008%. Overall, rates are slightly positive and close to neutral. At least based on funding rates, there’s no clear crowding on the short side.
What does this mean? (The following is my own interpretation.) After 73,510 was breached intraday, no fresh wave of buying came in to keep the price firmly above it. The daily close has only temporarily returned above that level, while ETF money is still flowing out. A wick down followed by a recovery doesn’t mean the bottom is confirmed. Until money starts flowing back in, I won’t treat the area around 72,727 as a new bottom.
My view: I won’t consider the area around 72,727 a confirmed new bottom. I’m watching for three things next: a daily close holding above 72,727 and a move back above 74,851 (last week’s close and this week’s open); at least one clear day of net inflows into U.S. spot BTC ETFs, with IBIT no longer the main source of outflows; and, for a stronger reversal, a move back above 78,354 (last week’s open). Until these things happen, my view is that weakness is continuing, not that a reversal is beginning. If 72,727 breaks, I’ll look for support further down rather than treating it as a confirmed bottom. These are just my own observation thresholds, not trading signals.
With rules like “what conditions would make me change my view,” the biggest risk is changing your story after the fact. @OfficialOwl_AI’s OWL is a decentralized portfolio strategy platform covering U.S. stocks, ETFs, crypto assets, and commodities. Strategy vaults have been deployed across multiple EVM networks, with Robinhood Chain and Arc deployments in progress. Strategy managers can turn this kind of view into a public strategy that can be verified on-chain. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holder addresses. You can Follow managers you’re interested in, Star their strategies, and then decide whether to Subscribe.
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Do you think BTC will hold 72,727 and move up, or does it still need to look for support lower down?
This is only my personal opinion. Please manage your position size and risk.
【Zuozuo's Trade Idea】NEAR has been making lower highs—will 3.45 hold? 🐻
After surging to 3.815 at 01:00, it reversed. Since 10:00, 1H highs have stepped down: 3.63 → 3.577 → 3.554 → 3.528 → 3.504, before dipping to 3.457 at 17:00 (the 24H low). Current price: 3.47, down 5.1% over 24H, while BTC is down 0.9% over the same period. NEAR is clearly weaker.
#32 NEAR Short Entry: 3.48–3.50 Stop-loss: 3.535 TP1: 3.445 (below the intraday low of 3.457) TP2: 3.41 Reason: 1H highs have been moving lower consecutively. Bounces toward 3.52 have been pushed back down, and NEAR is underperforming the broader market. Invalidation: 1H close above 3.525 This is only my personal view. Please manage your position size and risk accordingly.
Do you think 3.45 will break first, or will we see a bounce first? Share your thoughts in the comments 👇
【Short Squeeze Radar】PEPE has fallen 20% in two days, and funding rates have turned negative. Are shorts getting too crowded? 🐸
PEPE slid from its high of 0.00000552 on the morning of 11/11 to 0.00000440 today, down 20%, with a 24-hour change of -12.1% (Binance spot).
The 1000PEPE contract funding rate is -0.0087%, meaning shorts are paying. Yet open interest fell from 119 million USDT at 08:00 on 11/11 to 96 million USDT, down 20%. Longs are exiting, not shorts piling in.
0.00000440 is exactly the daily low from 10/29.
① If it holds above 0.00000440 and recovers 0.00000462 on strong volume, with funding still negative, watch out for a short squeeze. ② If it breaks below 0.00000440 on strong volume, don't rush to buy the dip without support. ③ Watch funding: if it turns even more negative while open interest rises, that’s when the fuel for a short squeeze is building.
Would you dare to buy PEPE here, or wait for it to reclaim that level first? 👇
【Zuozuo Market Alert】ETH short is just a few dollars away from TP1. Can 2,036 hold this time? 🎯
Following this morning’s 10:30 trade idea #31 (short 2,058–2,066, SL 2,086, TP1 2,036): after it was posted, price only reached a high of 2,063.12 and never hit the stop loss.
Since then, the 1H highs have kept moving lower: 2,065 → 2,059 → 2,056 → 2,050. At 13:18, price dipped to 2,041.23, leaving it only about $5 from TP1.
Current price: 2,044.54, 24H -1.1% (Binance spot). The 2,036 area is also where this morning’s 07:00 low was, at 2,035.83.
① A high-volume break below 2,036 gets TP1; next stop: 2,015 ② If 2,036 holds again and price recovers to 2,056, ease off the short trade for now ③ If the 1H candle closes above 2,084, this trade idea is invalidated
Which side are you on: ETH breaking down here, or forming a second bottom and bouncing? 👇
【Zuozuo’s Take】ETH has failed to reclaim 2,085 on three bounces—are the bears about to make a move? 🐻
After climbing to 2,103.78 at 01:00, it kept sliding. After 05:00, every 1H high stayed below 2,085; at 07:00, it dipped to 2,035.83, and the bounce only reached around 2,066. BTC is up just +0.8% over 24H, while ETH is struggling to keep up.
#31 ETH Short Entry: 2,058–2,066 Stop-loss: 2,086 TP1: 2,036 (above the 07:00 low) TP2: 2,015 Rationale: 1H highs are stepping lower, price has faced repeated resistance around 2,085, and the bounce is on weak volume. Invalidation: 1H close above 2,084 This is just my personal view. Please manage your position size and risk.
Are you bullish or bearish? Drop your view in the comments 👇
【Zuozuo's Trade Idea · Review】AVAX countertrend long, stopped out in just two hours? 😮💨
At 19:30, #30: AVAX long at 8.60–8.66, stop-loss at 8.52, TP1 at 8.80, TP2 at 9.00. After entry, it only reached a high of 8.616. The 20:00 1H candle closed at 8.536, below the 8.57 invalidation level; at 20:30, it hit the 8.52 stop-loss, then bottomed at 8.491.
Result: -1.27% (based on the midpoint of the range, 8.63; excluding leverage). Stop-loss accepted. Record update: 11W-17L.
Current price is 8.564, back above 8.52—a classic stop sweep followed by a rebound. But rules are rules; no chasing the move.
① A 1H reclaim of 8.66 = higher-low structure repaired; then watch 8.735 ② Another break below 8.491 = the countertrend strength thesis is over
Would you re-enter after getting stopped out, or wait for the structure to form again? 👇
88.30 has been broken, and I’m not calling around 81 a bottom either: SOL ETFs have had zero net inflow days for 14 consecutive trading days through 11/10
Last time, I said I wouldn’t treat around 89 as a bottom, and that the daily chart first needed to hold the 11/5 low of 88.30. But on 11/8, the price hit a low of 85.02 and closed at 86.54, so that level didn’t hold. Last night (the hourly candle at 23:00 Taipei time on 11/10), it hit 81.34, a new low for this move.
Binance spot data (11/11 19:25 Taipei time): SOL is around 83.95, down 0.6% over 24 hours, with a range of 81.34–85.24; BTC is around 74,025 (-0.3%), and ETH around 2,061 (-1.6%). On Binance’s UTC daily chart (which opens and closes at 08:00 Taipei time), the 11/4 high was 98.14, putting the current price about 14.4% below that high. The 11/8 close had already fallen below 88.30, and the 11/10 daily candle closed at 83.35, with a low of 81.34. The current price is only about 3.2% above that low. Last week (the week of 11/2), SOL opened at 94.54 and closed at 86.54, down about 8.5%; this week it’s down about 3.0% so far, while BTC is down about 1.0% and ETH about 3.1% over the same period. SOL/BTC is around 0.001134 now, down about 10% from its 10/28 close of 0.001259. It closed last week at 0.001157 and has fallen further this week.
Flows haven’t provided support either. Farside shows that U.S. spot SOL ETFs recorded no net inflow on any of the 14 consecutive trading days from 10/22 through 11/10 (the latest completed U.S. stock market trading day): on 11/6, net outflows were $24.2 million (BSOL: -$14.4 million); on 11/9, net outflows were $7.7 million (BSOL: -$5.9 million); and on 11/10, net outflows were another $13.4 million (BSOL: -$8.2 million; figures vary slightly across providers). Across the first seven trading days of November, net outflows totaled about $46.1 million, with no net inflow days. In the derivatives market, SOL perpetual funding rates have recently fluctuated between -0.007% and +0.009%. Two readings were negative on 11/9; three were slightly positive on 11/10; the reading in the early hours of 11/11 was near zero, followed by two slightly positive readings. Overall, rates are near neutral. At least judging by funding rates, there’s no clear sign of crowded shorts.
What does this mean? (The following is my own inference.) After 88.30 broke, no new buying emerged to pull the price back up; instead, it kept moving lower in search of support. ETF money is still flowing out, and SOL’s relative strength against BTC is still weakening. None of the three conditions I mentioned last time has appeared. For now, this is “staying near a new low after breaking down,” not “starting a reversal.”
My view: I wouldn’t treat around 81.34 as a confirmed new bottom. Next, I’m watching three things: the daily close holding above 81.34 and reclaiming 86.54 (last week’s close); at least one clear day of net inflows into U.S. spot SOL ETFs; and SOL/BTC finding a floor and moving back above 0.00116. Until these happen, my view is that weakness will continue. If 81.34 breaks, I’ll look again for support lower down rather than rush to buy the dip. These are just my own criteria for observation, not buy or sell signals.
With rules like “what conditions would make me change my view,” the biggest risk is changing your story after the fact. @OfficialOwl_AI’s OWL is a decentralized portfolio strategy platform covering U.S. stocks, ETFs, crypto assets, and commodities. It has deployed strategy vaults across multiple EVM networks, with Robinhood Chain and Arc deployments in progress. Strategy creators can turn this kind of view into a public, on-chain-verifiable strategy. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holding addresses. You can first Follow creators you’re interested in and Star their strategies, then decide whether to Subscribe.
I’m involved with OWL.
Do you think SOL will hold 81.34 and move back up, or will it need to search for support lower down?
This is only my personal opinion. Please manage your position size and risk accordingly.
【Zuozuo's Market View】The market is falling, but AVAX keeps making higher lows. Is it time to take a countertrend long? 🚀
BTC and ETH are both still down over the past 24 hours today, while AVAX has climbed steadily from its open at 8.376, breaking above 8.50 on strong volume at 15:00 and reaching 8.735 at 18:00. The 1H lows—8.431 → 8.577 → 8.598—keep getting higher. Current price: 8.608, up 4.0% over 24 hours (Binance spot).
Long entry zone: 8.60–8.66 (wait for a pullback; don’t chase) Stop-loss: 8.52 TP1: 8.80 (above today's and yesterday's highs of 8.735–8.747) TP2: 9.00 (below the 11/9 high of 9.014)
Why: The broader market is weak, but AVAX is showing strength. Its lows keep rising, and around 8.60 is pullback support after the breakout. Invalidation: A 1H close below 8.57 would break the higher-low structure.
This is only my personal view. Please manage your position size and risk.
Do you think AVAX can get above 8.75 first, or will it turn back with the broader market? 👇
【Zuo Zuo Market Alert】ZEC reclaimed 994, but it only held for an hour. Is this a real breakdown? 🪓
Following up on today's 13:30 post: Point ③ said, “A high-volume break below 994 would open up the next leg down.”
The 14:00 1H candle surged in volume to 15.8M U and smashed through 994. At 15:00, it briefly reclaimed 1,002.67, looking like a stop hunt. But then it gave it all back at 16:00 and made a new 24H low of 961.07 at 17:00.
The current price is 974.74, down 14.8% over 24H, and even lower than the 1,014.25 price when the post went live at 13:30 (Binance spot).
① Holding 961 + declining volume would be the first sign of a bottom ② A 1H close back above 1,003 would confirm the false breakout ③ A high-volume break below 961 means the bears remain in control
Are you waiting to buy the dip on this ZEC move, or have you already stepped aside? 👇
Following up on yesterday’s 13:30 post: I said “a break below 1,120 = the start of a new leg down.” Then last night, two consecutive 1H candles from 23:00–00:00 plunged straight through it, with a low of 994.22 and 90M U traded in two hours.
From 11/7 to 11/10, ZEC closed four consecutive daily candles in the red. Measured from the 11/6 high of 1,388, the deepest pullback has reached 28%. This morning’s rebound highs kept getting lower: 1,070 → 1,049.9 → 1,039, followed by another dip to 1,003 at 13:00.
Current price: 1,014.25, 24H -12.0% (Binance spot).
① Holding above the previous low of 994 on lower volume could mark the first sign of a bottom ② It’ll take a 1H close back above 1,070 to confirm a rebound structure ③ A high-volume break below 994 would open up room for another leg down
Do you think this is a bottom-fishing zone for ZEC, or is the selloff not over yet? 👇
【ZuoZuo’s Trade Idea · Review】BTC short #29 hit take-profit TP1. Did you get stopped out during that one-minute CPI candle? 🎯
Last night’s 19:30 trade idea: Short the rebound at 74,350–74,500, stop-loss at 74,750, TP1 at 74,050, TP2 at 73,750.
Result: Entry filled at 19:43. CPI was released at 21:30, and the same 1-minute candle hit a high of 74,770 and a low of 73,524—both the stop-loss and TP1 were hit. Counted as a take-profit, with a return of +0.50% based on the midpoint of the range (no leverage). The record is now 11W-16L.
Later, price rebounded to 74,843 at 23:00, then plunged to 72,727 around midnight. Current price: 73,369, down 2.0% over 24 hours (Binance spot).
Two things to watch next: ① Will the overnight low of 72,727 hold? ② If price gets back above 74,050, the bears can take a breather for now.
Win or lose, we review every trade. Did that CPI wick stop you out or put money in your pocket? 👇
【LeftLeft Market Alert】SOL falls below the 85 level—is 84 the real bottom or just an intermediate stop? 🧐
Following the 17:30 review of #28 : the level we were watching—“if 84.91 doesn’t hold, look at 84.30”—has now played out. During the 18:00 hour, price fell below 84.91; at 19:01, it dipped to 84.24, reaching the original TP2 of 84.30. At 19:32, it made a new low of 84.20, also breaking below the 11/8 low of 85.02.
But the decline is happening on shrinking volume: 12M U traded during the 18:00 hour, compared with just 3M U at 20:00. Current price: 84.89, 24H -2.0% (Binance spot).
Two things to watch next: ① If 84.20 holds and the 1H candle closes back above 85.02, that would be a rebound after the bears run out of steam. ② A high-volume break below 84.20 would open the way for the next leg down.
Do you think this is a dip-buying opportunity for SOL, or a chance to short the rebound? 👇
【Zuo Zuo’s Market View】BTC’s highs are getting lower hour by hour. Will the bears push it down further? 📉
From 15:00 to 18:00, BTC’s 1H highs were 74,996 → 74,890 → 74,725 → 74,559, moving steadily lower. At 18:00, it hit a new 24H low of 74,115. Current price: 74,318, 24H -0.2% (Binance spot).
Short entry zone: 74,350–74,500 (wait for a bounce; don’t chase) Stop-loss: 74,750 TP1: 74,050 (below the 24H low) TP2: 73,750 (the afternoon low zone on 11/9)
Reason: Four consecutive 1H highs have moved lower, and rebound volume is weak. The 74,350–74,500 zone is the consolidation area that was just broken; a rebound into it could easily get rejected. Invalidation: A 1H close above 74,725 would invalidate the structure.
This is only my personal view. Please manage your position size and risk accordingly.
Do you think it’ll bounce first tonight, or head straight down to 74,000? 👇
ETH has posted five consecutive bearish weekly candles, while ETH/BTC has fallen to its lowest weekly close since mid-July: I don’t see it as a “catch-up rally candidate”
People often ask: BTC has fallen, and ETH has fallen even more—isn’t ETH the better one to buy on the dip first? I see it exactly the other way around. ETH hasn’t been unfairly sold off; it’s simply weaker on a relative basis, and the reasons behind that weakness haven’t gone away.
Binance spot data (11/10 19:05 Taipei time): ETH around 2,092, down 0.7% over 24 hours, with a range of 2,084–2,152; BTC around 74,248 (+0.2%); SOL around 84.5 (-1.6%). Looking at Binance UTC weekly candles (which open and close at 08:00 Monday Taipei time), ETH opened last week at 2,275 and closed at 2,127, down about 6.5%. Its weekly low was 2,060, the lowest price since late August. This was the fifth consecutive bearish weekly candle. From its weekly close of 2,727 at the end of September, it has fallen about 22% in total. Over the same week, BTC fell about 4.5% and SOL about 8.5%. So far this week, ETH’s low is 2,083, still above 2,060, but the current price is only about 1.5% above that level.
Now look at ETH/BTC: it’s currently around 0.0282, with an intraday low of 0.02812 this week—already below last week’s low of 0.02815. Last week’s close at 0.02842 was the lowest weekly close since mid-July. In the week of September 21, it opened at 0.0326; over seven weeks, it has fallen about 13.5%. In other words, ETH isn’t just falling with the broader market—it has been consistently underperforming BTC.
The fund flows are even more direct. Farside shows that US spot ETH ETFs saw net outflows on 9 of the last 10 trading days (10/27–11/9), totaling about $893 million, with ETHA accounting for about $752 million. The first six trading days of November saw total net outflows of about $550 million, with a net inflow of $53 million only on 11/4. This Monday (11/9), there were further net outflows of about $185 million in a single day, with ETHA accounting for about $119 million. In derivatives, ETH perpetual funding rates have recently fluctuated between -0.008% and +0.010%. Two readings were negative on 11/9, while all three readings on 11/10 were slightly positive; overall, rates are close to neutral.
What does this mean? (The following is my own inference.) Funding rates show no obvious one-sided leverage crowding. This decline looks more like a gradual withdrawal of spot and ETF capital than the kind of move that can be cleared out in a single liquidation event. Many people see a low ETH/BTC ratio and think it means “ETH is due for a catch-up rally,” but a low ratio alone isn’t a reason. For a catch-up rally to have fuel, the ratio first needs to stop falling and ETFs need to return to net inflows. We haven’t seen either yet.
My view: In the short term, I see ETH as weaker than BTC, and I don’t consider 2,060 a confirmed bottom. Three things would change my view: First, 2,060 holds, with the weekly candle not closing below it; second, ETH/BTC posts at least one weekly close back above 0.0290 (the closing level for the week of 10/26); third, US ETH ETFs record clear net inflows for two consecutive days, and ETHA is no longer the main source of outflows. I’d also want price to reclaim 2,275 (last week’s open) as confirmation. If ETH falls below 2,060, I’ll look for support lower down rather than treating this as a confirmed bottom. These are just my own criteria for watching the market, not buy or sell signals.
With rules like “what would it take to change my view,” the biggest risk is moving the goalposts after the fact. That’s why I’d rather follow people who make their views public. OWL by @OfficialOwl_AI is a decentralized portfolio strategy platform covering US stocks, ETFs, crypto assets, and commodities. It has deployed strategy vaults across multiple EVM networks, with Robinhood Chain and Arc deployments in progress. Managers can make their allocation ideas into public strategies that can be verified on-chain. As of 10/31, TVL was 7,528,536 USDC, with 4,620 holding addresses. You can first follow managers you’re interested in and star their strategies, then decide whether to subscribe.
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Do you think ETH will hold 2,060 first, or do we need to wait for ETH/BTC to stop falling before it has a chance?
These are only my personal views. Please manage your position size and risk yourself.
【Zuozuo Trade Idea · Review】SOL short #28 TP1 hit. Is the 40-day low zone really unable to hold? 🎯
10:30 trade idea: Short a rebound to 86.10–86.35, stop-loss at 87.15, TP1 at 85.20, TP2 at 84.30.
Result: Filled right at the open. The high afterward was 86.61, so the stop-loss wasn’t hit. At 17:10, a sharp drop to 84.91 hit TP1 at 85.20, for a gain of +1.19% based on the midpoint of the range (without leverage). Record updated to 10W-16L.
Current price: 85.46, 24H -1.5% (Binance spot). TP2 at 84.30 hasn’t been reached yet.
Keeping an eye on two things next: ① Whether this new low of 84.91 holds; if it breaks, watch 84.30 ② If price gets back above 86.15, the bearish structure will take a breather
Win or lose, we review every trade. Did you short this move or are you waiting to buy the dip? 👇
【Zuozuo Market Alert】ZEC down nearly 20% in a week—where’s the next support level? 🧐
In the 11/8 recap, I said: if it fell back below 1,252, bears could take another shot.
Since then, ZEC hasn’t managed to reclaim that level: it closed with three consecutive daily red candles on 11/7, 11/8, and 11/9, and it’s still in the red today. From the 11/6 high of 1,388, it plunged to 1,142.34 at 10 a.m. this morning—a 17.7% pullback.
Current price: 1,154.0, 24H -5.8% (Binance spot). Hourly trading volume this afternoon has shrunk to just a few million U, so selling pressure is easing, but there’s still no convincing rebound.
Watch these three levels next: ① 1,120–1,126: the low zone from 11/2 and 11/3. Holding here could offer some breathing room. ② A move back above 1,180 (the 11/8 low) would signal that the decline has stopped. ③ A decisive break below 1,120 would open the door to another leg down.
Do you think 1,120 will hold, or does ZEC need to find a lower bottom? 👇
【Zuo Zuo’s Market View】SOL’s support held all night has broken—is a bounce a shorting opportunity? 📉
SOL is currently at 86.1, down 2.3% over 24H. Since 01:00, the 86.15–86.30 level was tested repeatedly and held, but it broke straight through at 10 this morning. After bouncing to 88.07 at 23:00 last night, the highs have kept moving lower. Below, the 11/8 low of 85.02 and yesterday’s low of 85.14 mark the lowest zone in 40 days.
Direction: Short (wait for a bounce; don’t chase) Entry: 86.10–86.35 Stop-loss: 87.15 TP1: 85.20 TP2: 84.30 Reason: Overnight support has turned into resistance, highs are gradually declining, and ETH and XRP are also showing weakness. Invalidation: 1H candle closes back above 86.90
This is only my personal view. Please manage your position size and risk independently.
Do you think 85 will hold for the third time, or break straight through?
【ZuoZuo Trade Idea · Review】XRP short #27 stopped out—then it dropped back right after hitting the stop? 😤
The 19:30 trade idea: short at 1.085–1.090, stop-loss at 1.1025, TP1 at 1.0700, TP2 at 1.0560.
Result: entered as soon as the post went live. At 20:01, the low was 1.0797, just 0.0097 away from TP1. Then this 20:00 1H candle rallied all the way up, hitting the 1.1025 stop-loss at 20:38. Based on the midpoint of the entry range, that’s -1.38% (without leverage). This 1H candle also closed at 1.1056, above the 1.0990 invalidation level. The record is now 9W-16L.
The most frustrating part: after spiking to 1.1108 at 20:51, it pulled back. The current price is 1.0981, down 5.8% over 24 hours (Binance spot)—back below the stop-loss level.
Two things to watch next: ① A 1H close back above 1.1108 would be needed to truly break the daily downtrend rhythm. ② If it drops below 1.0797 again, the bearish trend continues—and this stop-loss will have just been swept.
Even after a loss, it’s worth reviewing. If price sweeps your stop and then reverses, would you re-enter? 👇
【Zuozuo’s Market View】XRP falls for the 5th straight day—can 1.08 hold? 📉
XRP is currently at 1.0861, down 6.8% over 24H. At 19:00 today, it just hit a new 24H low of 1.0764. The daily chart has been trending down steadily since the 11/4 high of 1.3414, with each day’s close lower than the previous one. The rebound at 16:00 only reached 1.099, and the push to 1.1019 at 17:00 was also rejected.
Direction: Short Entry: 1.085–1.090 Stop loss: 1.1025 (above the 17:00 high of 1.1019) TP1: 1.0700 TP2: 1.0560
Reason: Daily lows have been moving lower consecutively, rebound volume is weak, and ETH and SOL are also weakening, with XRP falling even harder. Invalidation: If the 1H candle closes above 1.0990, the bearish structure is invalidated.
This is only my personal view. Please manage your position size and risk accordingly.
Do you think XRP will hit 1.07 first, or rebound to 1.10 first? 👇