Market Context
After a strong rejection from resistance, price has shown clear signs of internal weakness. We recently got an internal liquidity sweep followed by a sharp move down, confirming a shift in momentum. The market is currently compressing just below a key fair value gap, hinting at further downside before any real bullish structure can form
Internal Sweep and Bearish Pressure
The internal sweep acted as a final inducement before the market sold off. The reaction afterward was clean and aggressive, suggesting that smart money is offloading positions into trapped longs. Price has now stalled in a tight range, and the lack of bullish follow-through adds weight to the idea that lower prices are still on the table.
Fair Value Gap Below as Draw
The unfilled imbalance below, lining up near 102.8k, is acting as a magnet. This level has not been tapped and lines up cleanly with the idea of a final liquidity sweep before any retracement. It would make sense to target this zone to clear out remaining liquidity and rebalance price before reassessing.
Retracement Scenarios After the Sweep
Once that low is swept and the gap is filled, we could see a retracement back into the previous fair value gap around 106k. This could either form a lower high, continuing the broader downtrend, or potentially run the high if there's enough momentum. Either way, the reaction from that level will offer the next major clue on direction.
Key Expectation
Until the low around 102.8k is swept, the bearish narrative remains intact. The cleanest setup would be a liquidity run into that level followed by a reaction that leads us higher, ideally back toward the 106k zone. From there, we’ll watch how price behaves to decide whether a deeper correction or a trend continuation is in play.
Conclusion
Still leaning bearish short-term as long as that gap and low remain unfilled. Once we tap into the 102.8k area, I’ll be watching for a shift that could give us a play back into the 106k gap. It’s all about liquidity, structure, and the cleanest path for smart money to move.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
After a strong rejection from resistance, price has shown clear signs of internal weakness. We recently got an internal liquidity sweep followed by a sharp move down, confirming a shift in momentum. The market is currently compressing just below a key fair value gap, hinting at further downside before any real bullish structure can form
Internal Sweep and Bearish Pressure
The internal sweep acted as a final inducement before the market sold off. The reaction afterward was clean and aggressive, suggesting that smart money is offloading positions into trapped longs. Price has now stalled in a tight range, and the lack of bullish follow-through adds weight to the idea that lower prices are still on the table.
Fair Value Gap Below as Draw
The unfilled imbalance below, lining up near 102.8k, is acting as a magnet. This level has not been tapped and lines up cleanly with the idea of a final liquidity sweep before any retracement. It would make sense to target this zone to clear out remaining liquidity and rebalance price before reassessing.
Retracement Scenarios After the Sweep
Once that low is swept and the gap is filled, we could see a retracement back into the previous fair value gap around 106k. This could either form a lower high, continuing the broader downtrend, or potentially run the high if there's enough momentum. Either way, the reaction from that level will offer the next major clue on direction.
Key Expectation
Until the low around 102.8k is swept, the bearish narrative remains intact. The cleanest setup would be a liquidity run into that level followed by a reaction that leads us higher, ideally back toward the 106k zone. From there, we’ll watch how price behaves to decide whether a deeper correction or a trend continuation is in play.
Conclusion
Still leaning bearish short-term as long as that gap and low remain unfilled. Once we tap into the 102.8k area, I’ll be watching for a shift that could give us a play back into the 106k gap. It’s all about liquidity, structure, and the cleanest path for smart money to move.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
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🎁 Free trading Discord community
bit.ly/TehThomas
🥇 Best exchange - 20% cashback
bit.ly/BloFin20
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
𝟔 𝐘𝐄𝐀𝐑𝐒 𝐄𝐗𝐏𝐄𝐑𝐈𝐄𝐍𝐂𝐄𝐃 𝐓𝐑𝐀𝐃𝐄𝐑
💎 Free Signals
t.me/codeandcandle
🎁 Free trading Discord community
bit.ly/TehThomas
🥇 Best exchange - 20% cashback
bit.ly/BloFin20
💎 Free Signals
t.me/codeandcandle
🎁 Free trading Discord community
bit.ly/TehThomas
🥇 Best exchange - 20% cashback
bit.ly/BloFin20
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.