Looks like BTCUSDT is working on a potential spring which would negate my previous idea as this being redistribution. Looking for a short scalp here until price falls into the demand zone.
Comment:
Correction this current decline would be LPS and not the spring. If this is the case, we could potentially see a up breakout here which I will keep an eye on. This is definitely a shake out area and risky to trade in, so keep tight stop losses and be ready for anything