Unfortunately, this $BTC setup played out very nicely, but I wasn’t patient enough and got shaken out before the real move. Still, today gave a very clean LTF fade opportunity on corn. Classic RHR pattern, nice push into the supply zone, momentum started fading, and now price looks like it wants to rotate lower again toward monthly VWAP. The only thing I don’t love is that VWAP / range structure is super choppy right now. From the HTF view, as long as BTC holds the ~$63K area and doesn’t close below it, structure is still fine and we can continue the chop fest. Lose it cleanly, then the picture changes.
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