$STABLE | Technical Breakdown: Downtrend Consolidation
Recent price action shows sideways compression near the 24-hour low of 0.0241, characterized by small-range candles and diminishing volume—suggesting a lack of directional conviction following the earlier high-volume decline.
The absence of clear reversal signals (hammer, bullish engulfing) keeps the structure bearish-biased, with price trapped in a tight band just above recent lows.
Capital Flow Insight
· Futures: Net outflows dominate short-term frames (1H: -$527K, 24H: -$736K), confirming selling pressure in derivatives.
· Spot: Mild 24H inflow (+$132K) hints at tentative accumulation near lows but lacks volume to shift momentum.
Strategy Outline
· Short trigger: Break below 0.0241 with volume confirmation.
· Alternative entry: Retest of resistance at 0.0256 for improved risk/reward.
· Stop loss: 0.0250 (if entered near 0.0244).
· Target: 0.0230 (next swing low projection).
Observation: A close above 0.0256 would invalidate the immediate bearish thesis and suggest a deeper consolidation phase.
#stable #market #trade