π Sherlock
$LDOUSDT SHORT
Entry: MARKET PRICE ($0.3323) - CANCEL PREV LIMITS
Stoploss: 4H CLOSE ABOVE $0.3659
DCA: $0.3511
TARGET: $0.2339
RATING: 6/10
REASONING: Loss of 4H support and a possible daily close below, price trading below 4H 200 EMA and 1D 12 EMA,
π Sherlock
$RLCUSDT SHORT (RISKY)
Entry: MARKET PRICE ($0.2771)
Stoploss: 4H CLOSE ABOVE $0.2893
DCA: $0.2816
TARGET: $0.2151
RATING: 6/10
REASONING: Loss of 4H support price trading below 1D 12 EMA, 1st retest retest of resistance
#VisionAcademy
π Sherlock
$ROBOUSDT SHORT
Entry: LIMIT PRICE ($0.01203)
Stoploss: 4H CLOSE ABOVE $0.01310
DCA: $0.01261
TARGET: $0.00776
RATING: 6/10
REASONING: Loss of 4H support price trading below 4H QVWAP EMA and 1D 12 EMA, 1st retest has already happened, betting on the 2nd
π Sherlock
$LDOUSDT SHORT
Entry: LIMIT PRICE ($0.3388)
Stoploss: 4H CLOSE ABOVE $0.3779
DCA: $0.3636
TARGET: $0.2339
RATING: 6/10
REASONING: Loss of 4H support and a possible daily close below, price trading below 4H 200 EMA and 1D 12 EMA, there is a possibility
this sell off to lower the average. I will keep the remaining 40% available and only deploy it after seeing how price settles following this earnings volatility.
#VisionAcademy
π Sherlock
$RDDT UPDATE
I am allocating another 30% to the Reddit position at $147. The first 30% was added at $179, bringing the total allocation to 60% with an average entry of $163.
The earnings were strong despite the negative reaction, so I am comfortable using
π Sherlock
BTC UPDATE x COMPRESSION
Bitcoin has formed another ascending trendline, with price bouncing from it multiple times while repeatedly failing to clear the $65K resistance.
We saw a very similar structure around June 23. Once that trendline broke, BTC dropped
from roughly $64K to $57.8K. Ideally, I would expect another break below here, but there is no confirmation yet.
For now, price is simply compressed between the rising trendline and $65K resistance, with less room after every candle. There is very little directional
π Sherlock
$BSV UPDATE x SHORT
Closed BSV slightly under the Entry, price still under resistance but no meaningful continuation downside.
#VisionAcademy
time building this range that the eventual breakout should be aggressive, but we still need confirmation of the direction. Hopefully August finally brings the volatility that we badly need haha, got tired honestly.
#VisionAcademy
π Sherlock
STABLECOIN DOMINANCE x BITCOIN UPDATE
Another morning, another day of Bitcoin trading around the same levels, and now we are at the end of the month. Stablecoin dominance has once again bounced around the 1D 50 EMA, while Bitcoin continues to fail at the
stuck under $65K. A daily close above this resistance on stablecoin dominance would favour another move lower on Bitcoin, while a clean break below the 1D 50 EMA would finally give BTC room to move higher.
So, nothing has changed for now. The market has spent enough
look for an entry around this retest. As long as LAYER remains below the resistance zone on the daily timeframe, I expect this retest to result in another move lower. A daily reclaim above the zone would invalidate the setup.
#VisionAcademy
π Sherlock
$LAYER UPDATE x SHORT
LAYER gave the daily close below support, and that support has now flipped into resistance. Price is currently retesting the same zone around $0.060-$0.062, so the short is looking good so far.
Anyone who missed the original entry can
until OTHERS.D reclaims 7.6 - 7.7% back again, I would remain cautious on longs and continue favouring selective shorts. The next level to watch is 7.2%. That is where I would reassess the short bias and look for a possible reaction.
#VisionAcademy
π Sherlock
ALTCOIN UPDATE x OTHERS.D
Nothing much to worry about yet if you are positioned in altcoin shorts. OTHERS.D lost the 7.6% support, retested it as resistance and is now moving toward the next major support around 7.2%.
This does not mean every altcoin has to
OTHERS.D is showing right now.
The daily trend, which had remained positive since the final weeks of May, is also turning bearish again based on the moving average structure that I normally use to identify trends. These trend shifts usually do not reverse overnight, so