【$BREV Signal】Short | Distribution Pattern After Massive Volume and Stagnant Price Rise

After a surge in volume on the 4H timeframe, the price has stagnated around 0.189, forming a clear upper shadow, and is currently consolidating at high levels. Combined with Taker Volume indicating active selling, and a funding rate as high as -0.42%, this suggests that short positions have extremely high holding costs. The current rebound is a typical short squeeze driven by liquidation rather than healthy buying. Open interest remains stable (OI Stable) while the price cannot reach new highs, implying that the main players are distributing.

🎯Direction: Short

🎯Entry: 0.1680 - 0.1700

🛑Stop Loss: 0.1730 $BREV Rigid stop loss, the logic fails if it breaks above the previous high with an upper shadow(

🚀Target 1: 0.1580

🚀Target 2: 0.1500

Hardcore logic: After a massive bullish candle, the price continues to close with small-bodied candles, indicating buying power is exhausted. The order book shows heavy sell pressure stacked in the 0.1681 to 0.1700 region (Asks depth far exceeds Bids), making resistance breakout very difficult. The rebound under a negative funding rate is a result of short covering and main players inducing more longs, not a trend reversal. Market logic suggests that the “short squeeze” phase has ended, and the main players are now using liquidity to distribute. Key support is at 0.1580 (previous breakout platform and 4H moving average support); a break below will accelerate the decline.

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