This is a terrible strategy. At 72k there was barely any resistance. Why would you judge an entry based off a reaction to a higher level? lol makes zero sense.

plus When a majority of the market embraces a level like 58k, there is not enough downward pressure to actually reach that level. Limit orders flooded it 20 to one. It was the highest wall ever recorded on kraken/coinbase - hence massive bounce off of it around 59-60k.

You will be waiting forever. Bottom is in.