$ROBO now looks as if it's first trying to gather liquidity from above. 👀
On the 1H timeframe, the structure is bearish and it matches the daily and weekly.
So here I'm looking at SHORT.
But not right now.
I'm interested in an entry at $0.01185–$0.01225, where the most recent local high and the supply zone are.
If $ROBO first takes $0.01193 and then shows a downward reversal — then the following scenario opens up:
🎯 $0.01082
🎯 $0.01040
🎯 $0.00994
Stop — beyond the structure level.
A 1H close above $0.01193 completely invalidates my bearish scenario.
And one more thing: there are already a lot of longs by large traders up top.
If $0.01193 doesn't hold as resistance, their positions could become fuel for the move downward.
#ROBO #Crypto
On the 1H timeframe, the structure is bearish and it matches the daily and weekly.
So here I'm looking at SHORT.
But not right now.
I'm interested in an entry at $0.01185–$0.01225, where the most recent local high and the supply zone are.
If $ROBO first takes $0.01193 and then shows a downward reversal — then the following scenario opens up:
🎯 $0.01082
🎯 $0.01040
🎯 $0.00994
Stop — beyond the structure level.
A 1H close above $0.01193 completely invalidates my bearish scenario.
And one more thing: there are already a lot of longs by large traders up top.
If $0.01193 doesn't hold as resistance, their positions could become fuel for the move downward.
#ROBO #Crypto
