$POND
🆘 Massive Sell-Side Volume on $POND at 4.3x
- With such a strong volume spike and a sharp drop, this looks more like distribution or stop-loss hunting by smart money rather than pure retail panic.
- The path of least resistance is still down: I expect price to first test 0.00107 and 0.00105, possibly spiking quickly into 0.00102 if selling pressure persists.
- If you want to take a short, look for a retest and rejection at 0.00113, enter on confirmation (bearish engulfing, strong rejection candle, or lower high on 5m/1m), aim for 0.00107 and 0.00105 for your targets, and always set your stop-loss above the last swing high.
- If price sweeps below 0.00107/0.00105 and immediately reverses with strong bullish candles and a volume surge, this could be a liquidity grab—wait for a pin bar or bullish engulfing on lower timeframes to consider a quick scalp long up to 0.00113 (but only with confirmation).
- If price somehow reclaims 0.00113 and holds above, especially with volume, abandon shorts and wait for a new setup, as this could signal a shift to accumulation.
📝 This is not investment advice, just an educational report. Always wait for confirmation and manage your risk carefully, especially in high-volatility, high-volume scenarios 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
#POND
🆘 Massive Sell-Side Volume on $POND at 4.3x
- With such a strong volume spike and a sharp drop, this looks more like distribution or stop-loss hunting by smart money rather than pure retail panic.
- The path of least resistance is still down: I expect price to first test 0.00107 and 0.00105, possibly spiking quickly into 0.00102 if selling pressure persists.
- If you want to take a short, look for a retest and rejection at 0.00113, enter on confirmation (bearish engulfing, strong rejection candle, or lower high on 5m/1m), aim for 0.00107 and 0.00105 for your targets, and always set your stop-loss above the last swing high.
- If price sweeps below 0.00107/0.00105 and immediately reverses with strong bullish candles and a volume surge, this could be a liquidity grab—wait for a pin bar or bullish engulfing on lower timeframes to consider a quick scalp long up to 0.00113 (but only with confirmation).
- If price somehow reclaims 0.00113 and holds above, especially with volume, abandon shorts and wait for a new setup, as this could signal a shift to accumulation.
📝 This is not investment advice, just an educational report. Always wait for confirmation and manage your risk carefully, especially in high-volatility, high-volume scenarios 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
#POND