$TRUTH Trade Bias: SHORT 📉

Higher Timeframe (4H) Narrative:

We just bounced off a major demand zone (0.01009), but that bounce is weak. Price is auctioning back into prior support-turned-resistance. The 4H EMAs (50/200) are acting as dynamic resistance above. The funding rate has been flat and positive (0.005%) all the way down—meaning longs have been paying to hold a losing position. They are trapped, hoping for a reversal that isn’t coming yet.

Lower Timeframe Execution (15m/1h):

Price is stalling at the 0.01055–0.01058 zone. This is a prior breakdown level and the site of the 24h low sweep earlier. We’re seeing bearish order flow: the ask wall is building, and buy-side liquidity is getting soaked up. Volume is drying up on this bounce—no conviction.

Market Psychology & The Trap:

Retail sees the -34% daily drop and thinks "bottom fishing." They see a green wick and FOMO in. But the smart money is using this low-volume relief to re-short into overhead resistance. The longs from 0.016 are still holding—they’re the fuel for the next leg down once they panic.

🔥 The Setup:

· Entry Zone: 0.01058 – 0.01062 (wait for a 15m close below the open or a rejection wick)

· Stop Loss: 0.01075 (above the recent local high and the 200 EMA on the 15m)

· Target 1: 0.01040 (sweep yesterday’s low)

· Target 2: 0.01020 (next major liquidity pool)

· Target 3: 0.01010 (full retest of 24h low / invalidation of bounce)

· Risk-to-Reward: Targeting a minimum of 3:1 on first TP.

Invalidation: A daily close above 0.01075. If price reclaims that, the structure flips bullish for a move toward 0.01100.

This is a liquidity sweep setup. We’re not guessing; we’re following the footprints of trapped traders and fading a dead-cat bounce. 💣