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LedgerBull

$SLVON showing steady downside pressure with lower highs forming.


Structure remains bearish with sellers in control.

EP
71.80 - 72.40

TP
TP1
71.00
TP2
70.20
TP3
69.00

SL
73.20

Recent move cleared liquidity below and price is failing to reclaim prior levels. Any bounce into the entry zone looks like a reaction into supply, with structure favoring continuation as long as lower highs persist.

Let’s go $SLVON ‌
SLVON-0.76%
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MintColdBrew
· 30m ago
If a long lower shadow and increased volume reversal appear near 71, I might take some profits first.
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GateUser-6da8ed4c
· 8h ago
71.8-72.4 When the supply zone looks fine, a rebound to this level is more like an opportunity to add to short positions.
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TheMoonReflectsOnTheTranquil
· 8h ago
Pay attention to the overall market sentiment; a quick surge in BTC could cause your retracement to directly break through the stop-loss.
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Mirror-FinishTeacupWith
· 8h ago
If the pullback strength is very weak and the volume also can't keep up, then it's even more certain that it's a false rebound trap.
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PixelUniverseCat
· 8h ago
This kind of pattern with a series of lower highs is most feared when it suddenly reverses. Placing your stop-loss at 73.2 is quite crucial.
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SlippageSiren
· 8h ago
The entry range is quite broad; it's recommended to place orders in batches rather than all at once.
View OriginalReply0
BetweenBidAndAsk
· 8h ago
I would prefer to see if 71 can hold steady first. If it doesn't, there's a high chance that 70.2 will need to be tested.
View OriginalReply0
RedTelephoneBoothRuins
· 8h ago
TP3 to 69 is a bit aggressive, but it's not impossible if the trend continues like this.
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RugproofGrandma
· 8h ago
Just finished sweeping, and the liquidity below still hasn't recovered to previous highs, indicating a bearish bias. Watch whether the next candle continues to form a lower high.
View OriginalReply0
OldKeys,NewWorld
· 8h ago
This SL is set at 73.2, which is still relatively clean; if it breaks below and doesn't turn back, go with the trend.
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