$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 ‌
UP-0.68%
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GateUser-e130bc45
· 04-18 09:31
This wave above 0.173 sweeps liquidity and then drops again, the distribution vibe is strong, the idea is okay.
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GateUser-5f4bad9c
· 04-17 02:52
The entry zone 0.158-0.162 is quite critical, but I will wait for a rebound to 0.162-0.165 before considering shorting. Chasing directly could easily be hit with a spike.
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ByteBard
· 04-16 16:14
Setting SL at 0.170 is reasonable; the structure hasn't recovered to previous lows, so the long position doesn't have much advantage.
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TakeAScreenshotBefore
· 04-16 15:49
0.158 is indeed weak to an incredible degree.
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GateUser-04e4dac2
· 04-16 15:44
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.
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MintedAtDawn
· 04-16 15:37
TP2 0.150 I think there might be some game theory involved; there should be quite a few buy orders hanging there.
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OrigamiVolcano
· 04-16 15:36
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.
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OutsiderOfZhiyuandao
· 04-16 15:30
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.
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