My focus is on SHIBUSDT, and the picture is clear: price is weak. This isn't a market where buyers are proving their strength; in fact, the opposite is true.
Most traders are confused by volatility. But you need to see the real opportunity. My analysis points to this: both red boxes I've marked on the chart are prime zones for short opportunities. They represent powerful selling regions.
Here's why, and your plan for action:
Red Box Power: These zones are where sellers are truly in control. I'm actively looking for price to engage with these areas.
Green Box Uncertainty: As for the green box, its strength is questionable. I'm not confident it will hold as reliable support for a bullish move, reinforcing my overall bearish view.
Confirm the Downside: Your decisive move comes with confirmation:
Volume Footprint: I'll be scrutinizing the volume footprint to see clear distribution from sellers.
CDV (Cumulative Delta Volume): Look for CDV to turn deeply negative, affirming seller dominance.
LTF Breakdowns: On the low timeframes (LTF), demand concrete breakdowns. Price must fail, retest the red boxes as resistance, and then continue lower. This is your undeniable signal.
My general bias remains bearish. I only trade assets showing a sudden increase in volume, and while this is a short setup, the volume dynamics confirming weakness are what I'm seeking.
Keep a sharp eye on those red boxes. If these confirmations line up, you'll uncover precise, high-probability short entries. This is where smart, confirmed decisions are made.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.