💥 6.7% Dump & 3.6x Volume Spike on $OXT , panic or opportunity?
- After such a violent move with a huge volume spike, more downside is likely, but this is not the best place to open fresh shorts — you want a better entry on a bounce.
- My preferred scenario: Wait for price to bounce up toward 0.0138 to 0.0143. If you see clear rejection (such as a long upper wick, bearish engulfing, or failure to reclaim support), consider entering a short. First target would be a retest of 0.0113 and potentially lower, around 0.0110 or even a spike toward 0.0100. Place your stop-loss at a swing high above your entry.
- If, instead, price sweeps the new low (below 0.0110) and then sharply reverses with a strong bullish candle (engulfing or pin bar) on the 5m–15m, you might see a short-term bounce back to fill the inefficiencies toward 0.0138 before the next leg down.
- If price can reclaim and hold above 0.0143, with bullish structure, my bearish view would be invalidated and I’d look for a corrective move higher, possibly toward 0.0150–0.0158.
- This dump and volume spike most likely indicate a combination of panic selling and stop hunts, but there is no clear bottoming signal yet — more downside or choppy consolidation is probable.
📝 This is not investment advice, only an educational report. Please use proper risk management and wait for confirmation before taking any trade.
