$IN IS SHOWING CLASSIC DISTRIBUTION AFTER A FAILED BREAKOUT 📉
Weakness is evident as price continues to lose ground on declining volume. The structure across $LAB and $SLX mirrors this lack of directional conviction — multiple lower highs forming with no aggressive counter buying.
Volume profiles on the daily time frame suggest sellers are now in control. Momentum is shifting to the downside and the next likely move is a sweep of the nearest liquidity pool below current range.
Are you seeing a similar setup on your charts or do you have a different read on these moves?
Not financial advice. Always manage your risk.
#IN #BearishSetup #Distribution #Crypto
📉
Weakness is evident as price continues to lose ground on declining volume. The structure across $LAB and $SLX mirrors this lack of directional conviction — multiple lower highs forming with no aggressive counter buying.
Volume profiles on the daily time frame suggest sellers are now in control. Momentum is shifting to the downside and the next likely move is a sweep of the nearest liquidity pool below current range.
Are you seeing a similar setup on your charts or do you have a different read on these moves?
Not financial advice. Always manage your risk.
#IN #BearishSetup #Distribution #Crypto
📉