📊 Market Structure:
Price just pulled off a strong bounce from the lows and pushed straight back into a key supply/resistance zone ($2.06 – $2.21). This area already showed rejection before, so sellers are active here again.
🔴 Current Situation:
We’re literally sitting inside resistance right now. This is not a breakout yet — this is a reaction zone.
If bulls were strong → we’d see a clean breakout + hold above $2.21
But right now → looks like a potential lower high setup
📉 Bearish Setup (Primary Bias):
Entry: ~$2.07
Stop Loss: $2.57 (above resistance + liquidity sweep zone)
Target 1: $1.52 (mid support / previous reaction)
Target 2: $1.07 (major demand zone below)
This is a classic resistance rejection trade — high RR, clean invalidation.
⚠️ What confirms the dump?
Rejection wicks inside resistance
Weak candles / no follow-through above $2.10
Volume fading on push up
🚀 Invalidation (Don’t be stubborn):
If price breaks and holds above $2.21, this whole short idea is cooked. That turns into a bullish continuation.
💭 Final Take:
This is a sell-the-rally zone, not a buy zone.
Smart money usually unloads here while retail chases the pump.
Play it clean. Don’t chase. Let the setup come to you 😎📉