The sharp sell-off earlier confirms strong distribution, and the current upward move is a corrective pullback rather than a trend reversal.
Price is now retesting the last selling zone, where aggressive selling previously pushed price lower, making this area a high-probability rejection zone.
As long as price remains below the supply zone and invalidation level, the bearish bias stays intact and downside continuation toward the marked targets is favored.
🎯 Selling Zone: $4.254 – $4.271 (last selling zone, on retrace & bearish confirmation)
🏹 Target 1: $4.165
🏹 Target 2: $4.065
🛑 Stop Loss: $4.303
Trade active
CLOSE THE TRADE ON TARGET ONETrade closed: target reached
ALL THE TARGETS SMASHEDDisclaimer
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.
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.
