$UP showing sustained weakness after rejection from local highs.


Sellers in control with structure trending lower on intraday timeframes.

EP
0.158 - 0.162

TP
TP1 0.155
TP2 0.150
TP3 0.145

SL
0.170

Liquidity above 0.173 was swept before a strong downside move, confirming distribution. Weak recovery and consistent lower highs suggest continued downside unless price reclaims the range.

Let’s go $UP ‌
UP2,4%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 8
  • Share
Comment
Add a comment
Add a comment
ByteBard
· 4h ago
Setting SL at 0.170 is reasonable; the structure hasn't recovered to previous lows, so the long position doesn't have much advantage.
View OriginalReply0
TakeAScreenshotBefore
· 4h ago
0.158 is indeed weak to an incredible degree.
View OriginalReply0
GateUser-04e4dac2
· 4h ago
0.145 as the target point, have you considered partial take-profit along the way? Don't let a big rebound wipe out your profits.
View OriginalReply0
MintedAtDawn
· 4h ago
TP2 0.150 I think there might be some game theory involved; there should be quite a few buy orders hanging there.
View OriginalReply0
OrigamiVolcano
· 4h ago
I prefer to see volume support; if it breaks below 0.155 with increased volume, then 0.150/0.145 is highly likely to be reached. Conversely, it might first oscillate and shake out some traders.
View OriginalReply0
OutsiderOfZhiyuandao
· 4h ago
Your plan is quite clear: low-high points + weak rebound = bearish bias, unless you can strongly break back into the range, otherwise the probability is a continuous decline.
View OriginalReply0
  • Pin