$DCR 🏋️ Massive Sell-Side Volume on
$DCR at 9.9x
- Given the violent volume spike and sharp drop, the default expectation is for price to continue searching for liquidity lower, possibly towards 10.91 or even 10.77 unless a strong reversal forms.
- A solid short setup would be to enter on a weak retest of 11.34 or 11.78, provided you get confirmation like a bearish rejection pattern (for example, a shooting star, strong bearish engulfing, or lower timeframe breakdown).
- Entry example: If price pushes up and stalls at 11.34 or 11.78, showing a clear reversal candle or failed breakout, you could enter short. Target the 11.16, 10.91, and ultimately 10.77 levels for partial or full take profits. Place your stop-loss at the nearest swing high above your entry.
- If price instead fails to break and close below 11.16 and you see a long lower wick or bullish engulfing, you might consider a quick scalp long back toward 11.34–11.78, but only with clear confirmation.
- My bias would shift bullish if price reclaims 11.85 and consolidates above, especially if you see a strong reversal formation and volume absorption in that zone.
📝 This is not investment advice, only an educational report. Please trade carefully and always use proper risk management, especially during high volatility events like this!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#DCR