🚨 AZTECUSDT (Perp) — Liquidation Event, Not “Dip Buying” Territory
29% intraday drawdown.
RSI(6) printing ~9.
Retail sees “oversold.”
Smart money sees post-spike distribution.
Here’s what matters:
• 24H High: 0.02770
• Current Price: 0.01870
• Structure: Vertical impulse → aggressive selloff → weak bounce → compression
• EMA(7) sloping down on 15m
• No meaningful reclaim of supply
That first candle wasn’t a pullback.
It was a liquidity event.
The bounce that followed?
Low conviction. No displacement. No demand absorption.
Now price is compressing near 0.0186 — previous 24H low.
If that level loses, next move won’t be slow.
📌 Scenarios:
1️⃣ Reclaim 0.0200–0.0205 with volume → short squeeze relief bounce
2️⃣ Lose 0.0186 cleanly → continuation flush as trapped longs unwind
RSI oversold alone ≠ bottom.
Oversold conditions can persist in momentum collapses.
This is not about catching a knife.
It’s about waiting for liquidity to show its hand.
Positioning here requires patience, not hope.
Watch the reclaim.
Watch the liquidity sweep.
Then act. #aztec
