$TRIA
📉 6.2% Dump & 7.0x Volume Spike on $TRIA , panic or opportunity?
- Based on the volume anomaly and the aggressive downmove, the trend is still strongly bearish and more downside is likely unless there is an immediate and clear reversal signal.
- If the price can’t close above 0.02135-0.0216 (recent breakdown/FVG resistance), I expect further drops towards 0.01993 and possibly 0.01892.
- If you want to short, wait for a weak bounce up to 0.02135-0.0216, and only enter upon confirmation of renewed selling (e.g., rejection wick, bearish engulfing, or failed break above resistance). Target 0.02078, then 0.01993, and then 0.01892.
- Stop-loss should be placed above the swing high of the retest, typically just above the 0.0216 zone or above a confirmed lower high.
- If price reclaims and closes above 0.0216 with strong bullish momentum and volume, this would invalidate the bearish bias and could signal a short-term reversal back up toward the equilibrium (0.02249) or higher.
- Don’t blindly short after a big dump; always wait for a retracement and confirmation. In case you see a sudden reversal pattern (like a pin bar or bullish engulfing) near 0.01993 with strong buy volume, be cautious as this might signal a short-term bottom and a possible bounce.
📝 This is not investment advice, just an educational analysis! Stay safe and always wait for confirmation before acting — don’t get caught in a liquidation wick!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TRIA
📉 6.2% Dump & 7.0x Volume Spike on $TRIA , panic or opportunity?
- Based on the volume anomaly and the aggressive downmove, the trend is still strongly bearish and more downside is likely unless there is an immediate and clear reversal signal.
- If the price can’t close above 0.02135-0.0216 (recent breakdown/FVG resistance), I expect further drops towards 0.01993 and possibly 0.01892.
- If you want to short, wait for a weak bounce up to 0.02135-0.0216, and only enter upon confirmation of renewed selling (e.g., rejection wick, bearish engulfing, or failed break above resistance). Target 0.02078, then 0.01993, and then 0.01892.
- Stop-loss should be placed above the swing high of the retest, typically just above the 0.0216 zone or above a confirmed lower high.
- If price reclaims and closes above 0.0216 with strong bullish momentum and volume, this would invalidate the bearish bias and could signal a short-term reversal back up toward the equilibrium (0.02249) or higher.
- Don’t blindly short after a big dump; always wait for a retracement and confirmation. In case you see a sudden reversal pattern (like a pin bar or bullish engulfing) near 0.01993 with strong buy volume, be cautious as this might signal a short-term bottom and a possible bounce.
📝 This is not investment advice, just an educational analysis! Stay safe and always wait for confirmation before acting — don’t get caught in a liquidation wick!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TRIA