$DF / USDT: Short Setup 📉
The upside has completely stalled at key resistance. Sellers stepped in aggressively, flipping the momentum and forcing a sharp reversal. Buying dried up instantly near 0.0042, signaling a classic distribution phase where offers have completely overwhelmed the bids.
With 123M in volume backing this drop, the sellers are in full control, breaking market structure and defending lower levels. As long as we remain below the rejection zone, the path of least resistance is firmly down.
Trade Details:
Position: Short $DF
Entry Zone: 0.00355 - 0.00365
Stop Loss (SL): 0.00380
Take Profit 1 (TP1): 0.00330
Take Profit 2 (TP2): 0.00310
Take Profit 3 (TP3): 0.00290
Technical Breakdown:
Rejection: Massive sell-side pressure at the 0.0042 peak.
Volume: High-conviction selling (123M) confirms big players are exiting/shorting.
Bias: Bearish continuation as long as price holds below the 0.0038 invalidation.
