$ID BEARISH ENGULFING AT RESISTANCE – SHORT BIAS 🔴
Entry: 0.0317 - 0.0333 🔥
Target: 0.0355 🚀
Stop Loss: 0.0305 ⚠️
Price rejected a key resistance zone with a bearish engulfing candle and clear volume climax on the 4H. Lower highs are printing while selling pressure builds — this looks like distribution, not accumulation. The entry zone captures the retest of that area with a tight stop below the recent swing low.
Targets at 0.0355, 0.0380, and 0.0410 align with liquidity pools and next support, giving solid asymmetry if the dump continues. Will ID break down further or fake you out with a relief bounce?
Not financial advice. Always manage your risk.
#ID #ShortSetup #Distribution #Bearish #Crypto
🔥
Entry: 0.0317 - 0.0333 🔥
Target: 0.0355 🚀
Stop Loss: 0.0305 ⚠️
Price rejected a key resistance zone with a bearish engulfing candle and clear volume climax on the 4H. Lower highs are printing while selling pressure builds — this looks like distribution, not accumulation. The entry zone captures the retest of that area with a tight stop below the recent swing low.
Targets at 0.0355, 0.0380, and 0.0410 align with liquidity pools and next support, giving solid asymmetry if the dump continues. Will ID break down further or fake you out with a relief bounce?
Not financial advice. Always manage your risk.
#ID #ShortSetup #Distribution #Bearish #Crypto
🔥