❗ $EWZ flushes -3.2% on 7.2x volume — distribution into the lows - my bias is bearish here on the 1h — that -3.2% flush with the volume spike looks like distribution into the breakdown of the last swing low, not a finished panic bottom, even though daily is still bullish and BTC is bullish, so this is a counter-trend 1h short inside a higher-timeframe uptrend and I want a proper rejection, not a chase of the already-printed dump 📉 - I expect a relief ping first into 37.15–37.54 (the imbalance left by the sell candle), then a push toward 37.98 if that zone is absorbed; only after that failure do I look for continuation into 35.64, then 35.02 and 34.51 - short entry zone is that 37.15–37.54 supply on a reclaim-and-reject, not market-shorting 36.65 after the spike — wait for a 1h lower-high, a bearish engulfing or pin off that pocket, and a lower-timeframe market-structure shift back down before clicking - take-profits in order: 36.14, then 35.64, then 35.02 / 34.51 - place protection beyond the structure flip (a close back above 38.51), not tight under the wick of the dump — rising OI into the sell plus more shorts than longs among top traders fits a continuation if that relief fails, but a 1h close above 38.51 flips my bias and I stand down - not investment advice, educational report only 📊 Flow: OI $441K (+38.5% 24h) · funding +0.0000% · taker 1.11× Where's the support that matters? Find out → link in bio 🔗