Bearish Setup & Order Flow Breakdown
After failing to print a CHoCH (Change of Character) at 35.71, price is showing weakness and looks set to continue downward.
The Imbalance: There is a massive pocket of unfilled imbalance below 30, and the market is heading straight down to clear those orders before any upward move.
The Reversal Target: Keep a close eye on the key demand zone at 25.52, which is where we can look for a potential bullish reversal.
Until then, market conditions favor a short trade approach! 🔻
What's your take on this drop? Are you shorting this move? Let me know below! 👇
Follow me if you agree with me for get more trading ideas like this
$GIGGLE
#BinanceSquare #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #ShortTrade #Crypto #TradingSetup
After failing to print a CHoCH (Change of Character) at 35.71, price is showing weakness and looks set to continue downward.
The Imbalance: There is a massive pocket of unfilled imbalance below 30, and the market is heading straight down to clear those orders before any upward move.
The Reversal Target: Keep a close eye on the key demand zone at 25.52, which is where we can look for a potential bullish reversal.
Until then, market conditions favor a short trade approach! 🔻
What's your take on this drop? Are you shorting this move? Let me know below! 👇
Follow me if you agree with me for get more trading ideas like this
$GIGGLE
#BinanceSquare #CryptoTrading #TechnicalAnalysis #PriceAction #SmartMoney #ShortTrade #Crypto #TradingSetup