BNB/USDT 10min Redistribution &1D Distribution Short Idea
2025-02-15
Category: None

Wyckoff method: 

Backgrounds:
PSY (Preliminary Supply).  
BC (Buying Climax). 10min $732 & 1D $792
ARn (Automatic Reaction). 
ST (Secondary Test(s)).
Ice (Secondary support).
SOW (Sign of Weakness). 10min $658 & 1D $500

Now:
LPSY (Last Point of Supply). A pullback to resistance that was support on failing spread and volume after signs of weakness. 10min $663

Future: 
The phase in which supply exceeds demands is a downtrend.
Stop limit. $680 
Limit order. $650
Target. $550

