$AZTEC ⬇️ Double Alert: 4.3% Drop & 3.0x Volume on
$AZTEC - Given the current structure, I expect more downside is likely, unless a strong reversal develops around 0.01279 or below. The volume spike strongly suggests distribution or forced liquidation, not healthy accumulation yet 😔
- I would favor short setups if price fails to reclaim and hold above 0.01315. An example entry is to wait for a lower high and a bearish engulfing candle below 0.01315 after a weak bounce attempt, with take profit at 0.01279 and 0.01254. Place the stop-loss at the swing high that forms just before entry (not above a major range high).
- If, instead, you see a dramatic reversal with a strong bullish engulfing candle reclaiming 0.01315 and pushing above 0.01358, with confirmation from lower timeframes (such as a break in market structure or a double bottom), you could consider a scalp long toward 0.01392 and 0.01408. In this case, stop-loss should be placed just below the swing low of the reversal.
- If 0.01254 breaks with high volume and little reaction, expect sellers to target 0.01214 next
- Only switch to a bullish bias if price reclaims 0.01392–0.01408 and consolidates above it with strong buying interest and bullish candle closes
📝 This is not investment advice, but an educational analysis report! Always wait for confirmations such as pin bars, bullish/bearish engulfing, or lower timeframe reversal/continuation signals before entering trades, and manage your risk accordingly. Trade safe! 🚦
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