$SPACE is experiencing a massive drop in volume, with a daily decline exceeding 28%. Combined with a huge volume of 181M, this is a typical resonance of panic selling and long liquidation. Price action indicates that the main force is distributing, rather than a healthy correction.
🎯 Direction: Short
🎯 Entry: 0.0175 - 0.0180
🛑 Stop Loss: 0.0195 (rigid stop loss; if this level is broken, the downtrend structure fails)
🚀 Target 1: 0.0150
🚀 Target 2: 0.0120
$S$SPACE is declining in volume, with high open interest suggesting that a large number of long positions are being liquidated, creating a strong negative feedback loop. Prices have broken through all short-term support, and market sentiment has shifted to extreme panic, with every rebound facing new selling pressure. The market shows no effective buying absorption, and the downward momentum has not yet fully released, making a follow-the-trend short position a higher probability path.
Trade here 👇$SPACE
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