The crowd is buying the bounce... but the higher timeframe is telling a different story.
🔻
$THE BEARISH SETUP CONFIRMED
Leverage: As preferred
📍 Entry: $0.0548425 – $0.0550975
🛑 Stop Loss: $0.0581772
🎯 TP1: $0.0525646
🎯 TP2: $0.0509610
🎯 TP3: $0.0485556
• The 1D trend remains bearish, keeping the broader market bias to the downside.
• The 4H timeframe confirms a bearish setup with strong downside momentum.
• Although the 15m RSI is oversold, price has yet to show a convincing reversal signal.
• The current bounce appears corrective, with momentum continuing to fade beneath key resistance.
• The bearish outlook remains valid while price stays below the stop-loss level.
Price Action: The highlighted reaction candles show sellers defending key resistance levels, reinforcing the bearish market structure.
Liquidity Heatmap: Liquidity is concentrated below the current price, making those levels potential downside targets if selling pressure continues.
Technical Confirmation: Trend structure and momentum indicators remain aligned with the bearish scenario, supporting the short setup.
👇 Trade
$THE here
#THE #Crypto #Trading #Binance #Altcoins