I’m watching $C show clear exhaustion after a strong impulsive move. Price got rejected at the highs, momentum is fading, and structure is now shifting into a sideways range. This is a decision zone—either it builds support for another leg up or it breaks down into a deeper retracement.
Right now, the market looks balanced between buyers defending the base and sellers trying to step in after the rejection.
Trade Plan
Entry Zone (Long): 0.0182 – 0.0190
(I’m only interested if price holds this range and shows strong rejection wicks or absorption)
Stop Loss: 0.0170
(Below the range structure — if this breaks, the bullish base is invalid)
Target Point 1: 0.0205
(First liquidity zone / reaction level)
Target Point 2: 0.0220
(Previous rejection area / supply test)
Target Point 3: 0.0238
(Extension move if momentum returns strongly)
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Why this setup works
This is a post-impulse consolidation structure. After a sharp move up, price is now cooling off and forming a range. These zones often act as accumulation areas before continuation.
The key here is the rejection at highs followed by sideways compression. That usually means the market is deciding whether to distribute or reload for another push.
If buyers defend the base and volume starts to return, this type of structure often leads to a second leg up. But if the lower boundary breaks, it flips into a deeper correction phase quickly.
I’m treating this as a wait-for-confirmation zone, not a chase—because the next expansion move will likely come fast once direction is chosen.
#JustinSunSuesWorldLibertyFinancial