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Distribution is a top-building process, not just a sideways range. In true distribution: \t•\tLarge participants sell into strength, not into weakness \t•\tUpside expansion fails, not accelerates \t•\tLiquidity is used to exit, not to accumulate more \t•\tStructure transitions from higher highs → lower highs A range that: \t•\tSweeps liquidity \t•\tHolds higher structure \t•\tThen expands upward …is not distribution. That behavior is characteristic of accumulation or reaccumulation, depending on
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