ABNB Long

Broader Market Structure

ABNB has been in a clear downtrend, making consecutive lower highs and lower lows from November 14–21. The first meaningful structural shift occurs with the CHoCH around 110.81, where buyers broke above a prior swing high after forming a new low. This CHoCH signals that bearish dominance has weakened and a potential short-term bullish reversal is in play. Since that break, the market has started forming higher lows, showing early trend transition.

Supply & Demand Zones

The demand cluster between 113.00–115.00 is strong, because price rallied aggressively from this zone with wide displacement candles, showing that buyers stepped in with confidence and did not allow retests to deepen. The upper demand at 110.80–112.00 also held firmly—price tapped into it during the CHoCH formation and reacted immediately, confirming strong buy-side presence.

Above current price, the multi-layered supply between 119.00–121.00 is a heavier distribution area where price previously dropped sharply. That aggressive sell-off shows institutional selling and makes this supply a significant obstacle for bullish continuation.

Price Action in the Marked Region

Price is currently pushing upward with momentum, approaching the first supply layer around 118.50–119.20. The structure suggests that before continuing higher into the deeper supply, price may perform a small pullback into the lower demand at 115.00–116.00, where buyers are likely waiting. If that zone holds, the next leg upward into 119.50–121.00 becomes probable.

Trade Bias, Direction & Invalidation

The bias is short-term bullish as long as higher lows continue to form. Expected direction: a mild pullback, then a continuation upward into the overhead supply.
Key invalidation: A break below 113.80 would signal that buyers lost control and the bullish structure has failed. If that level breaks, the scenario shifts back to bearish.

Momentum Conditions

Momentum currently favors buyers—candles are expanding to the upside with minimal wicks, and every dip is getting absorbed quickly. The recent impulsive leg shows strong initiative buying, which supports continuation after a pullback.