💔 3.5x Unusual Selling Volume on $TAC , what just happened?
- I expect price to fall further due to the combination of heavy selling, high volume, and strong bearish indicator signals. This event looks more like distribution by smart money than mere panic selling, as price was pushed up to 0.009135 to sweep liquidity and then sold aggressively.
- If you want to enter a short, wait for a failed retest of the 0.008921 zone (e.g., a bearish engulfing or pin bar) or for price to break below 0.008657 and show weakness on a lower timeframe (such as a failure to reclaim that level).
- Example entry scenario: If price rallies to 0.008921 or 0.008805 and prints a bearish reversal candle (like a pin bar or engulfing), enter a short. First target: 0.008657, then 0.008448, and stretch target at 0.007968. Stop-loss should be placed above the swing high that forms during the entry trigger.
- Should price reclaim and hold above 0.008921 with strong bullish candles, or if there is a clear reversal with high volume at 0.008657 or 0.008448, my bias would shift and I would stand aside or look for a reversal setup instead.
📝 This is not investment advice, just an educational report.