CleanSpark - Reading Bearish StructureCleanSpark, Inc.BATS:CLSKThecantillonreportCLSK - Textbook Bearish Structure Current Price: $10.42 AVWAP: ~$14.50 POC: $9-10 (we're here now) This is what a bearish regime looks like. Price is 30% BELOW AVWAP. That means the average institutional participant is underwater by 30%. When institutions are losing money, they don't defend dips. They use rallies to reduce exposure. The Volume Structure: The heaviest volume cluster (yellow) is right where we are now - $9-10. This is the Point of Control. The battleground. Notice what's BELOW the POC? Almost no volume (thin blue bars). That's air. No support. If this level breaks, there's not much underneath to catch it. The Trade Setup: ABOVE AVWAP = Buy dips (bullish regime) BELOW AVWAP = Sell rallies (bearish regime) We're in a bearish regime. Every bounce to resistance gets sold. Current situation: • We're AT the POC ($9-10 zone) • Below AVWAP (bearish structure) • Making lower highs • Thin volume support below The question isn't "will this bounce?" The question is "does the POC hold or break?" IF it holds: Could get a relief bounce toward $12-14 resistance IF it breaks: Next stop is probably $6-7 based on the volume profile I don't fight bearish regimes. I wait for either: 1. A reclaim of AVWAP (regime change), or 2. A flush to oversold levels for a bounce trade Right now? It's a fade rallies market until proven otherwise. --- What's your read on CLSK? Dead cat or reversal setup? 👇 #CLSK #Bitcoin #VolumeProfile