Price has retraced into a premium point of interest marked by a bearish order block. The zone aligns with prior impulsive bearish movement, suggesting smart-money distribution. Shorts are considered on confirmation within the order block, with targets aimed toward internal and external sell-side liquidity. A clean break above the POI invalidates this setup.
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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.