$USTC Down #AlertđŽ
â After staging a rapid, explosive upward impulse that swept upper liquidity pockets up to a local high at 0.00675, the price action hit a heavy overhead distribution barrier, printing a massive red reversal candle to drop back down to trade at 0.00648.
âđ Entry: 0.00648 â 0.00663
đ SL: 0.00685
âđŻ TP1: 0.00634
đŻ TP2: 0.00621
đŻ TP3: 0.00617
đŻ TP4: 0.00600
âTechnical View:
The short-term structural framework indicates significant buyer exhaustion following an overextended vertical expansion toward the 0.00675 high ceiling. The appearance of strong profit-taking candles coming straight off the top highlights aggressive distribution layers neutralizing the upward push. Even though the immediate order book depth metrics show a highly defensive bidding posture with a massive 74.76% volume building up on the Bid side trying to hold the current shelf, the steepness of the prior expansion leaves the layout highly vulnerable to a deeper profit-taking mean-reversion move. Expect immediate overhead supply to cap sudden recovery wicks, rolling the asset over into a corrective sequence to retest its primary support floor near its trailing 0.00621 Supertrend support baseline shelf.
â#Write2Earn #ChinaSupremeCourtVirtualCurrencyRules IBIT$1.3BillionTradeWithoutPriceImpact#PolymarketResolutionsDominatedByNineWallets $REQ
$OSMO
#PolymarketResolutionsDominatedByNineWallets
â After staging a rapid, explosive upward impulse that swept upper liquidity pockets up to a local high at 0.00675, the price action hit a heavy overhead distribution barrier, printing a massive red reversal candle to drop back down to trade at 0.00648.
âđ Entry: 0.00648 â 0.00663
đ SL: 0.00685
âđŻ TP1: 0.00634
đŻ TP2: 0.00621
đŻ TP3: 0.00617
đŻ TP4: 0.00600
âTechnical View:
The short-term structural framework indicates significant buyer exhaustion following an overextended vertical expansion toward the 0.00675 high ceiling. The appearance of strong profit-taking candles coming straight off the top highlights aggressive distribution layers neutralizing the upward push. Even though the immediate order book depth metrics show a highly defensive bidding posture with a massive 74.76% volume building up on the Bid side trying to hold the current shelf, the steepness of the prior expansion leaves the layout highly vulnerable to a deeper profit-taking mean-reversion move. Expect immediate overhead supply to cap sudden recovery wicks, rolling the asset over into a corrective sequence to retest its primary support floor near its trailing 0.00621 Supertrend support baseline shelf.
â#Write2Earn #ChinaSupremeCourtVirtualCurrencyRules IBIT$1.3BillionTradeWithoutPriceImpact#PolymarketResolutionsDominatedByNineWallets $REQ
$OSMO
#PolymarketResolutionsDominatedByNineWallets