$POPCAT 🔴
$POPCAT crashing 11.7% with 4.1x volume surge
- Given the volume spike and speed of the drop, this looks like a liquidation cascade or panic event. Unless 0.04703 and 0.04589 hold strongly, more downside is likely.
- My bias is to look for a short position **only after a weak relief rally** into 0.04951–0.05050 or 0.05201, confirmed by bearish reversal candles (like pin bars or strong rejections) on the 15m or lower timeframes.
- Entry: Wait for a bounce into 0.04951–0.05050 or 0.05201 and clear bearish confirmation (like a rejection wick or lower high).
- Take profit areas: 0.04703, 0.04589, 0.04382, and 0.04215.
- Stop-loss: Place above the recent swing high from where the dump started, or just above 0.05201, wherever the lower high forms.
- If, instead, price shows a bullish engulfing or a quick reclaim of 0.04965 (equilibrium level) on strong volume, I would not short here and would reassess for possible reversal.
- If 0.04703 fails to hold, expect fast moves to 0.04589 and 0.04382.
📝 This is not investment advice, only an educational report. Be patient for confirmations – after such volume, fakeouts and traps are highly likely! Watch price action at the support levels and only trade if you see clear confirmation, not based on emotion or just the big drop.
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