【$BREV Signal】Short Selling | Distribution Pattern After Volume Surge and Stagnant Price Rise

After a rapid rally on the 4-hour chart, volume increased but the price failed to continue rising and formed a long upper shadow, which is a typical distribution signal. The price has broken below the short-term upward trendline, and Taker sell volume is significant, indicating that the main force is offloading at high levels.

🎯 Direction: Short

🎯 Entry: 0.1630 - 0.1650

🛑 Stop Loss: 0.1720 $BREV Rigid stop loss, invalidated if it breaks above the previous high (

🚀 Target 1: 0.1520

🚀 Target 2: 0.1420

Deep Logic: The 4H chart shows that after reaching a high of 0.1892, the price quickly retreated. Despite large trading volume, the price could not sustain the rally, forming a bearish engulfing pattern. Open interest remains stable while the price declines, combined with a negative funding rate, indicating that bearish forces are accumulating and bullish leverage is being squeezed. The order book shows heavy sell pressure above (an 89K sell wall around 0.1650), while buy orders below are sparse, making support weak. Market logic suggests “price rises, combined with open interest analysis.” Currently, open interest is stable while the price retraces, which is more consistent with profit-taking by longs rather than short squeeze. The probability of further decline increases.

Trade here 👇 )
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