$BILL
BILL is undergoing a deep post-expansion correction after an aggressive markup phase, with current structure showing continued long liquidation pressure.
Trade Plan:
SHORT
Entry: 0.1510 – 0.1570
SL: 0.1668
TP1: 0.1420
TP2: 0.1360
TP3: 0.1280
TP4: 0.1180
The rally into 0.2372 likely triggered euphoric breakout participation before market makers reversed flow and distributed inventory into late buyers. Since the local top formed, structure has shifted into consistent lower highs with strong bearish displacement candles breaking through EMA7 and EMA25.
The recent selloff does not yet show meaningful absorption or reversal behavior. Instead, price continues accepting lower value after each weak bounce attempt, suggesting trapped longs are still exiting positions. Current recovery attempts remain corrective rather than impulsive.
While the asset is heavily extended from its origin trend, there is still no confirmed accumulation structure on this timeframe. The 0.151–0.157 zone now acts as near-term supply unless reclaimed with strong acceptance.
Do not countertrend catch falling structure prematurely; wait for confirmed absorption before considering reversal positioning.
⇢ Trade $BILL 👇
