$TOSHI USDT (1h) - Steep Descending Channel & Persistent Selling Pressure


Bias: Short
Entry (Zone): 0.0001550 – 0.0001600
Targets:
TP1: 0.0001480
TP2: 0.0001430
TP3: 0.0001382
Stop Loss: 0.0001665
Why this Setup:
I’m leaning short because the asset is locked in a severe downward markdown phase on the 1-hour chart, structurally printing consecutive lower highs and lower lows within a steep descending channel. After cascading from its upper levels, the price attempted a minor structural stabilization, but every micro-bounce has been immediately snuffed out by sellers leaving behind prominent upper rejection wicks. The asset is currently grinding down near its local low of 0.0001482 on steady selling volume, signaling a complete absence of buying interest. I expect this persistent distribution trend to continue, forcing a breakdown below the immediate 0.0001482 support level to seek deeper liquidity pockets.

#GateSquareMayTradingShare
TOSHI0.41%
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