$TRIA 5.6x Volume Spike Signals Distribution — Bears Still in Control
My bias remains bearish on
$TRIA . The 1H and daily structures are both trending lower, while the 5.6x volume spike on a -2.9% move, seller-dominant flow, and declining OI suggest distribution and long liquidation rather than a confirmed bottom.
BTC is still bullish, making this a counter-trend short, so I’m not chasing the first red candle. I want a failed bounce and clear rejection before entering.
Key downside targets: 0.004592 → 0.004473 → 0.004088 → 0.003669
Entry zone: 0.00480–0.00520, where the broken 0.004811 swing edge and 0.005006–0.005196 supply could trigger another rejection.
I’ll look for a bearish engulfing, failed reclaim, or liquidity sweep before adding shorts.
Invalidation: A 1H close above 0.005818 would shift the structure bullish.
$TRIA #TRIA #CryptoTrading #Altcoins #TechnicalAnalysis #Binance