$BTC BTC
๐จ Trap or Breakout? BTC at the Edge of a Major Rejection Zone!
๐ Weโve pushed into the Quasimodo Strong Sell Level, right after a clean break of the trendline and bounce from the buy zone. But donโt get caught chasing โ this is where Smart Money unloads.
๐ง The market just rallied into a high-probability distribution zone โ and itโs flashing red.
This isnโt strength โ this is a bull trap in disguise.
๐ Why Iโm Bearish at This Level:
โ Price tapped into a previously unmitigated Quasimodo supply zone
โ Trendline break was clean โ but liquidity grab may be complete
โ No volume continuation above $104,180 โ signs of absorption
โ Wicks are stacking up = hidden selling pressure
โ Strong rejection history at this level โ Smart Money has sold here before
๐ Bearish Scenario in Play:
๐ฏ Target Zone: $103,330 (Back into Quasimodo Buy Region)
๐ก๏ธ SL Above: $104,620
๐ฅ Risk/Reward: Highly asymmetric โ short setups here are textbook
โ ๏ธ This is where emotions run hot โ but logic wins trades. If you're long here, you're swimming against the current.
๐ Expect pullbacks. Watch for a lower high. And be ready to strike.
๐ฌ Drop a โ๐โ if you're tracking this rejection live!
โ Like | ๐ Share | ๐ Follow for no-BS setups backed by institutional structure, not guesswork.
Disclaimer:
This post is for educational purposes only. It is not financial advice. Always do your own analysis and manage risk appropriately before trading.