$RPL Showing Distribution After Liquidity Sweep — Short Setup in Focus 📉
Rocket Pool faced a strong rejection near the 2.17 liquidity sweep, and the current market structure is shifting into short-term distribution. Momentum on the downside is beginning to build, favoring a sell-the-rally continuation scenario.
📊 Trading Plan — SHORT
Entry: 2.00 – 2.05
Stop Loss: 2.1525 (above the 2.17 liquidity spike and key structural level)
Targets:
TP1: 1.94
TP2: 1.88
TP3: 1.80
TP4: 1.70
Technical Overview:
Price previously made an impulsive move up from the 1.94 base, but the rally ended with a sharp rejection around 2.175, signaling a liquidity sweep above previous highs followed by strong supply absorption.
The appearance of consecutive bearish candles suggests bullish momentum fading and indicates that the push above 2.10 likely acted as a distribution phase.
Currently, price is compressing around 2.00, showing that sellers remain in control while buyers struggle to reclaim the previous breakout zone.
The short bias remains valid as long as price stays below the 2.10–2.15 supply region. However, a decisive H4 close above 2.15 would invalidate the distribution setup and indicate the rejection was only a temporary liquidity event.
Risk remains clearly defined. Until buyers reclaim the swept highs with strong momentum, rallies toward the 2.05 supply zone can be treated as potential short opportunities.
⇢ Trade
$RPL on Binance 👇
#RPL #RocketPool #CryptoTrading #MarketRebound #CryptoSignals 📊