$B 2x volume spike into a 2.8% drop — distribution pressure is still in play
My 1H bias remains bearish. Price is still printing lower highs, while the key 0.1932 swing high remains unbroken. The volume expansion around this level looks more like distribution and liquidity absorption than a confirmed reversal.
This is a counter-trend short against the bullish daily and weekly structure, so confirmation is essential.
Key setup:
- Rejection zone: 0.1930–0.1948
- First targets: 0.1879 → 0.1868
- Final target: 0.1845, with 0.1840 demand in focus if momentum accelerates
- Entry confirmation: sweep/rejection of 0.1932 followed by a 1H bearish close or LTF structure shift
- Protection: above the structure flip rather than using a fixed stop
- Invalidation: 1H close above 0.1932
Flow also supports the bearish setup: OI at $11.3M (+1.7% 24h), funding at +0.0301%, and taker ratio at 0.89x, with elevated volume and seller-dominant flow.
No chase. I want to see rejection first, then continuation.
#Binance #CryptoTrading #Altcoins #TechnicalAnalysis #B $B
My 1H bias remains bearish. Price is still printing lower highs, while the key 0.1932 swing high remains unbroken. The volume expansion around this level looks more like distribution and liquidity absorption than a confirmed reversal.
This is a counter-trend short against the bullish daily and weekly structure, so confirmation is essential.
Key setup:
- Rejection zone: 0.1930–0.1948
- First targets: 0.1879 → 0.1868
- Final target: 0.1845, with 0.1840 demand in focus if momentum accelerates
- Entry confirmation: sweep/rejection of 0.1932 followed by a 1H bearish close or LTF structure shift
- Protection: above the structure flip rather than using a fixed stop
- Invalidation: 1H close above 0.1932
Flow also supports the bearish setup: OI at $11.3M (+1.7% 24h), funding at +0.0301%, and taker ratio at 0.89x, with elevated volume and seller-dominant flow.
No chase. I want to see rejection first, then continuation.
#Binance #CryptoTrading #Altcoins #TechnicalAnalysis #B $B