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$HOME โ BEARISH DISTRIBUTION TRAP
Trading Plan
Short
$HOME (20x leverage)
Entry: 0.0470 โ 0.0490 โก
SL: 0.0520 ๐
TP: 0.0410 โ
TP: 0.0370 โ
TP: 0.0345 โ
CHoCH confirmed on BOTH 1H and 4H after BOS rejection at 0.0478 โ structure LOCKED bearish. OI rolling over 102K โ 100.6K with price still elevated = DISTRIBUTION in progress. Top trader positions sitting at 0.61-0.65, deeply sub-1.0 = smart money MAJORITY SHORT. Basis DEEPLY NEGATIVE throughout entire pump (-0.007/-0.008) confirming perp trading at heavy discount to index โ no structural long support. FRVP POC at 0.037-0.038 = price is floating in LVN thin air above 0.040, CASCADE LIQUIDATION into 88.881M long cluster at 0.035 is the magnet. All accounts L/S BLEEDING from 2.17 โ 1.87. Enter on any dead-cat bounce into 0.047-0.049 resistance zone.
Trade
$HOME here ๐
#HOMEUSDT #BinanceFutures #BearishCHoCH #DistributionTrap #AltcoinRally Conviction: 71%