$IN 🔴 14.0x Unusual Selling Volume on
$IN , what just happened?
- My expectation is for price to remain under pressure and likely continue lower, especially after such a huge volume-driven breakdown. This looks much more like smart money distribution or stop-run than just panic selling, as it happened with a sharp spike and the price couldn't recover above key short-term resistance.
- A high-probability short setup is to wait for price to test the 0.05628–0.05763 area. If there’s clear lower-timeframe rejection or bearish price action here, consider a short entry around 0.05620–0.05680, with take-profits first at 0.05412, then scale out down to 0.05334 and 0.05256.
- Always place your stop-loss above the nearest swing high that would invalidate the bearish setup (for example, above 0.05763).
- If there’s an aggressive bounce and the price closes decisively above 0.05763 and holds, I would shift bias and look for a possible squeeze back toward 0.06174, but until then, the sellers are in control.
- Example short trade scenario: Wait for a bounce up into 0.05680–0.05763, see a bearish engulfing or pin bar on 5m or 15m, then enter a short with initial target 0.05412. If the move is very aggressive, consider partial take profit at each support step (0.05334, 0.05256). Look for confirmation such as a rejection wick, clear momentum loss, or a failed rally with divergences on the lower timeframe RSI/Stochastic.
📝 This is not investment advice, but an educational report. Manage your risk and always wait for confirmation before entering a trade, especially after major volume spikes like this!
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