$ID DISTRIBUTION AT LOCAL TOP – SHORT BIAS CONFIRMED 🔴
Entry: 0.0317 - 0.0333 🔥
Target: 0.0355 🚀
Stop Loss: 0.0305 ⚠️
Price rejected a key resistance with a bearish engulfing candle and clear volume climax, printing lower highs on the 4H. The entry zone captures the retest of the distribution area. Volume spike on rejection plus structure shift to lower highs signals distribution, not accumulation.
Why would a rejection with increasing volume reward sellers here while lower highs remain intact? Will ID continue dumping or attempt a relief bounce?
Not financial advice. Always manage your risk.
#ID #ShortSetup #Distribution #Bearish
🔴
Entry: 0.0317 - 0.0333 🔥
Target: 0.0355 🚀
Stop Loss: 0.0305 ⚠️
Price rejected a key resistance with a bearish engulfing candle and clear volume climax, printing lower highs on the 4H. The entry zone captures the retest of the distribution area. Volume spike on rejection plus structure shift to lower highs signals distribution, not accumulation.
Why would a rejection with increasing volume reward sellers here while lower highs remain intact? Will ID continue dumping or attempt a relief bounce?
Not financial advice. Always manage your risk.
#ID #ShortSetup #Distribution #Bearish
🔴