Short LDO

From what I can see, a Wyckoff Distribution Schematic 1 can be applied for LDO's current price action (on 4H TF).

Now prices are retesting the range's high after a failed break-out.

In my opinion, retest would be rejected. In this case, a referenced setup is in chart.

İşlem aktif:

On 1H TF, a shooting star is found with good sell volume. It's a bearish sign

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İşlem kapandı: durdurma seviyesi:

SL hit. This trade was closed.

Yorum:

The trade was not successful. I think that the entry was prematurely set.
In 4H TF, LDO broke the trendline and was rejected after retesting it.
Moreover, we can see engulfing candles in the same 4H TF.