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-1,02%

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AirdropsAfterTheTideRecedes

· 4h ago

It seems to be controlling the sell orders, but don't ignore the news aspect; fluctuations like SLVON can come suddenly.

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ReflectionsOnTheStreetCorner

· 20h ago

Have you considered shorting after a false breakout above 72.4? Sometimes it provides a better entry point.

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FrictionlessFred

· 04-17 22:28

Clear thinking: short/short the market with the structure empty, then short the supply zone, and take profit in tiers—execution comes down to discipline.

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MintColdBrew

· 04-16 21:20

If a long lower shadow and increased volume reversal appear near 71, I might take some profits first.

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GateUser-6da8ed4c

· 04-16 13:11

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

· 04-16 13:09

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

· 04-16 12:55

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

· 04-16 12:55

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

· 04-16 12:55

The entry range is quite broad; it's recommended to place orders in batches rather than all at once.

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BetweenBidAndAsk

· 04-16 12:55

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.

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$SLVON showing steady downside pressure with lower highs forming.

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