No real acceptance above the range.
Now the shift:
Impulse up followed by sharp rejection
Lower high forming under resistance
Break below short term range support
This leans toward distribution, not continuation.
Key levels:
Upper zone acting as supply
Lost support now resistance on any bounce
High volume area above acting as a cap
Momentum has rolled over, weakening upside.
Bullish case: reclaim and hold above the range
Bearish case: continued rejection leads to downside liquidity sweep
This is a breakdown retest environment.
Now the shift:
Impulse up followed by sharp rejection
Lower high forming under resistance
Break below short term range support
This leans toward distribution, not continuation.
Key levels:
Upper zone acting as supply
Lost support now resistance on any bounce
High volume area above acting as a cap
Momentum has rolled over, weakening upside.
Bullish case: reclaim and hold above the range
Bearish case: continued rejection leads to downside liquidity sweep
This is a breakdown retest environment.
Check me out btdcrypto.com/links/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Check me out btdcrypto.com/links/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.