$S 🔻 11.3x Unusual Selling Volume on
$S , what just happened?
- The 11.3x volume spike and sharp -3.6% drop suggest this is likely smart money distribution or cascading stop-losses rather than just retail panic.
- I expect further downside in the short-term unless there's a rapid absorption and reclaim of the 0.02405 resistance level.
- Trade setup example: If price rallies to 0.02405 and forms a bearish rejection (like a pin bar, bearish engulfing, or clear lower high), you could enter a short around 0.02400–0.02405. Take profit at 0.02162, placing stop-loss above the most recent swing high or above 0.02450 depending on the setup.
- Alternatively, if price consolidates below 0.02347 and loses momentum, you could look for a breakdown and continuation short towards 0.02162, but always wait for clear confirmation—a failed bullish attempt, or a strong bearish engulfing, for example.
- If price closes above 0.02405 and holds, this bearish thesis is invalidated and I would not short—at that stage, a reversal or squeeze could be developing, and I’d wait for new structure to form.
- Be patient and disciplined with entries—never chase after a huge candle, wait to see if there's a weak bounce or failed rally for safer short entries.
📝 This is not investment advice, just an educational report based on current price action, volume, and smart money concepts. Always manage risk and wait for confirmation before entering trades!
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