Looking at the pin bar at 2.83, it is the Bears' assertion of complete control over the game. The current pullback to 2.79 does not involve active buying volume but is mainly due to the Short side taking short-term profits. This is an ideal environment for whales to gradually offload without causing the price to collapse too quickly. Once the distribution process is completed, a sweep below 2.75 is inevitable.
OGUSDT
Perp
2.689
+1.31%