$VANRY I’m bearish. When the rebound reaches the top of the range, it feels like upside momentum is starting to stall; sell orders are beginning to come back.

At the current price, prior pushes up haven’t held—this time it also didn’t get a clean breakout. It feels like supply could pressure it back down at any moment. If this level can’t hold, chances are it will head down to look for that pile of liquidity below.

For shorts, I’m watching around 0.00575–0.00591, with a stop-loss at 0.00635. On the way down, 0.00552, 0.00522, and 0.00492 can be monitored in batches. Don’t go in too heavy; if price moves up and you’re stopped out, make sure the stop is properly set. Keep an eye on the risk.