$B2 loses momentum as sellers defend the 0.68–0.70 band 🔻
Price action is now rejecting a well-defined resistance pocket near 0.68–0.70 after the recent impulse move. The tape is showing weaker follow-through, with lower highs starting to compress the structure and volume appearing more selective on the upside. That combination typically signals supply absorption rather than trend continuation, leaving the market vulnerable to a mean-reversion move toward nearby support.
What the retail crowd often misses here is that rejection at a major supply zone is not just a failed breakout; it is often where larger participants rebalance exposure and force late longs into weak hands. The real flow matters more than the candle shape. If sellers continue to defend this area, downside liquidity is likely to be harvested first at 0.650, then 0.635, with 0.620 acting as the deeper drawdown objective if structural support gives way. The edge is in patience, not anticipation.
Entry: 0.665–0.685 🔻
Target: 0.620 📉
Stop Loss: 0.705 🛑
Risk disclosure: This is a market commentary and trade framework, not financial advice. Crypto assets are volatile, and all levels should be managed with disciplined position sizing and risk control.
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