$MAVIA
🌧️ $MAVIA just saw 6.7x selling volume, smart money exiting?
- Given the 6.7x volume spike and -7.2% single candle drop, this is likely smart money distribution and/or panic selling, creating an environment for a lower high and possible further downside.
- I expect price to try a weak bounce towards 0.03281–0.03333, but unless there's a strong reclaim above 0.03394, rallies are likely to be sold into.
- My preferred setup: Wait for a retest and rejection from the 0.03281–0.03333 region. If a lower high with bearish structure forms, short with targets at 0.03153, 0.03084, and 0.02987. Confirmation is key: look for rejection candles (pin bar, bearish engulfing) or trend continuation patterns on smaller timeframes.
- If price breaks and closes above 0.03394, I’d exit shorts and reassess for a possible reversal higher, especially if the rally is supported by a new surge in bullish volume.
- As always, set your stop-loss above the swing high that forms during the retest setup.
- If price fails to hold above 0.03153, expect a swift drop to the next supports at 0.03084 and 0.02987.
📝 This is not investment advice, just an educational analysis. Be patient and wait for confirmation before entering; trade safe and let the price tell you the story!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#MAVIA
🌧️ $MAVIA just saw 6.7x selling volume, smart money exiting?
- Given the 6.7x volume spike and -7.2% single candle drop, this is likely smart money distribution and/or panic selling, creating an environment for a lower high and possible further downside.
- I expect price to try a weak bounce towards 0.03281–0.03333, but unless there's a strong reclaim above 0.03394, rallies are likely to be sold into.
- My preferred setup: Wait for a retest and rejection from the 0.03281–0.03333 region. If a lower high with bearish structure forms, short with targets at 0.03153, 0.03084, and 0.02987. Confirmation is key: look for rejection candles (pin bar, bearish engulfing) or trend continuation patterns on smaller timeframes.
- If price breaks and closes above 0.03394, I’d exit shorts and reassess for a possible reversal higher, especially if the rally is supported by a new surge in bullish volume.
- As always, set your stop-loss above the swing high that forms during the retest setup.
- If price fails to hold above 0.03153, expect a swift drop to the next supports at 0.03084 and 0.02987.
📝 This is not investment advice, just an educational analysis. Be patient and wait for confirmation before entering; trade safe and let the price tell you the story!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#MAVIA