Short LDO

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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.

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تم فتح الصفقة

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

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ملاحظة

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أغلقت الصفقة: تم الوصول لوقف الخسارة

SL hit. This trade was closed.

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ملاحظة

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.