Resistance and liquidity detected
🔥 Key resistance detected at PIPPIN around 0.24000.
Above this level, visible liquidity accumulated; when the price reached it, it faced immediate rejection and turned downwards.
---
What the price structure shows
- Liquidity zone: 0.24000 and above, where orders and stops concentrated.
- Clear rejection: rejection candle or long wick in the zone, followed by bearish impulse.
- Direction: the price failed to hold above and turned sharply downwards.
---
Operational implications
- The resistance acted as a ceiling and the liquidity was absorbed by supply.
- Confirmation of selling pressure after touching the zone; the subsequent movement validates the reading.
- Opportunity for traders looking for short entries after the rejection or for buyers waiting for the next liquidity zone at lower levels.
---
Risk management and control
- Define stop above the liquidity zone if trading short.
- Position size according to accepted risk and available capital.
- Avoid excessive leverage in high volatility movements.
---
Final message
📉 The resistance at 0.24000+ was the decision point: the price arrived, found liquidity, and went down.
If you want to follow trades with clear readings and disciplined management
$PIPPIN
