$BULLA 🔥
$BULLA hit with 7.9x sell volume spike, is this over or just starting?
- This event looks like classic smart money distribution after a liquidity sweep above the most recent swing high. The huge volume spike and immediate dump are often signs of institutional selling rather than just panic retail selling.
- I expect further downside towards 0.006234 and likely 0.006074 if 0.006234 breaks. Watch for reaction at these demand zones, but unless price reclaims 0.006444–0.006597 and shows bullish structure, the bias remains bearish.
- Short entries could be considered on a weak retest of 0.006444–0.006597 zone with rejection (wait for confirmation: bearish engulfing, pin bar, or lower high structure on the 5m/15m). Example: If price rallies to 0.006500–0.006597 and shows rejection, that’s an ideal short entry scenario.
- First take profit is at 0.006234, next at 0.006074, and extended target at 0.005769.
- If price reclaims and holds above 0.006597 with bullish momentum, this bearish bias is invalidated and I would expect a move back towards 0.006814 and above.
- Stop loss should be above the most recent swing high or the confirmation level—do not use tight stops in volatile environments.
📝 This is not investment advice, only an educational analysis of the price action and smart money behavior. Trade safe and always wait for confirmation before entering!
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