$TAIKO
🌪️ $TAIKO hit with 9.8x sell volume spike, is this over or just starting?
- I expect price to remain under pressure and continue lower unless buyers force a strong reversal above 0.1004–0.1048.
- The heavy volume and breakdown suggest smart money is distributing or clearing out liquidity for a lower move, not just panic selling.
- My ideal short setup: Wait for a weak bounce or retest up toward the 0.1004–0.1048 region, look for a reversal candle or structure (such as a bearish engulfing or shooting star), and enter short if that confirmation appears. Target 0.0952 and 0.0932, with a runner toward 0.0900. Stop-loss should be above the swing high of the retest or the most recent lower high.
- If price fails to reclaim 0.1004–0.1048 and forms a clear lower high, the downtrend is likely to persist.
- My bias would only change if the price reclaims and holds above 0.1048 with strong bullish momentum, especially if accompanied by a bullish engulfing or a sharp reversal spike in volume. In this case, shorts would be off the table and I’d look for long setups above 0.1091.
- For now, all evidence points to further downside, so look for short opportunities on weak rallies or failed retests.
📝 This is not investment advice, only an educational report. Trade safely and always wait for clear confirmation before entering positions!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TAIKO
🌪️ $TAIKO hit with 9.8x sell volume spike, is this over or just starting?
- I expect price to remain under pressure and continue lower unless buyers force a strong reversal above 0.1004–0.1048.
- The heavy volume and breakdown suggest smart money is distributing or clearing out liquidity for a lower move, not just panic selling.
- My ideal short setup: Wait for a weak bounce or retest up toward the 0.1004–0.1048 region, look for a reversal candle or structure (such as a bearish engulfing or shooting star), and enter short if that confirmation appears. Target 0.0952 and 0.0932, with a runner toward 0.0900. Stop-loss should be above the swing high of the retest or the most recent lower high.
- If price fails to reclaim 0.1004–0.1048 and forms a clear lower high, the downtrend is likely to persist.
- My bias would only change if the price reclaims and holds above 0.1048 with strong bullish momentum, especially if accompanied by a bullish engulfing or a sharp reversal spike in volume. In this case, shorts would be off the table and I’d look for long setups above 0.1091.
- For now, all evidence points to further downside, so look for short opportunities on weak rallies or failed retests.
📝 This is not investment advice, only an educational report. Trade safely and always wait for clear confirmation before entering positions!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TAIKO