$BZ sweeps liquidity below 102.18, but the bearish structure is still calling the shots
My bias remains bearish on BZUSDT.P while the 1H structure stays below 102.58. Price is currently around 102.16, with sellers still defending the key resistance zone.
The recent 15M wick below 102.18 looks more like a liquidity sweep inside the existing bearish trend than a confirmed reversal. Until price reclaims the structural flip level, any bounce could simply become fresh short-entry liquidity.
Exchange flow also supports the bearish case: sell-side taker pressure remains dominant, top traders are heavily positioned short, and large block sellers are adding downside pressure.
Key levels to watch:
- 102.40–102.60: potential short-entry/liquidity zone
- 102.58: key 1H structural invalidation
- 101.24: first downside target / demand-FVG
- 100.30: second target / support
- 98.37: extended downside target
Trade idea:
Wait for a weak bounce into 102.40–102.60, ideally with a liquidity grab above 102.58. Then look for a bearish engulfing candle or confirmed 5M/15M structure break before considering a short.
Take-profit plan:
TP1: 101.24
TP2: 100.30
TP3: 98.37
Invalidation:
A confirmed 1H close above 102.58 would flip the structure bullish and cancel the bearish setup. Any long would then require fresh confirmation.
One important warning: BTC and higher timeframes remain more bullish, so this short setup needs active profit management. If strong absorption appears around demand, protecting profits becomes more important than forcing the final target.
Flow: OI $317.7M (+1.0% 24H) | Funding 0.0000% | Taker 0.51x | Whale flow ~122M | Large sell block ~$198K
No investment advice. Educational report only.
#BZ #CryptoTrading #Altcoins #BinanceSquare #Trading $BZ
My bias remains bearish on BZUSDT.P while the 1H structure stays below 102.58. Price is currently around 102.16, with sellers still defending the key resistance zone.
The recent 15M wick below 102.18 looks more like a liquidity sweep inside the existing bearish trend than a confirmed reversal. Until price reclaims the structural flip level, any bounce could simply become fresh short-entry liquidity.
Exchange flow also supports the bearish case: sell-side taker pressure remains dominant, top traders are heavily positioned short, and large block sellers are adding downside pressure.
Key levels to watch:
- 102.40–102.60: potential short-entry/liquidity zone
- 102.58: key 1H structural invalidation
- 101.24: first downside target / demand-FVG
- 100.30: second target / support
- 98.37: extended downside target
Trade idea:
Wait for a weak bounce into 102.40–102.60, ideally with a liquidity grab above 102.58. Then look for a bearish engulfing candle or confirmed 5M/15M structure break before considering a short.
Take-profit plan:
TP1: 101.24
TP2: 100.30
TP3: 98.37
Invalidation:
A confirmed 1H close above 102.58 would flip the structure bullish and cancel the bearish setup. Any long would then require fresh confirmation.
One important warning: BTC and higher timeframes remain more bullish, so this short setup needs active profit management. If strong absorption appears around demand, protecting profits becomes more important than forcing the final target.
Flow: OI $317.7M (+1.0% 24H) | Funding 0.0000% | Taker 0.51x | Whale flow ~122M | Large sell block ~$198K
No investment advice. Educational report only.
#BZ #CryptoTrading #Altcoins #BinanceSquare #Trading $BZ