$TAIKO 💥 Crash Alert: 4.6% Drop on
$TAIKO , dead cat bounce or reversal?
- I expect more downside is possible unless price can reclaim and close above 0.1204 with conviction. This sharp drop and volume surge often hint that liquidity below has not been fully cleared yet, so another sweep into 0.1079 or even 0.0981 is likely before any real reversal.
- If considering a short, wait for a weak bounce into 0.1204–0.1237 or even 0.1271, then seek confirmation on lower timeframes (such as a lower high, bearish engulfing, or failure to break resistance). Entry could be between 0.1204–0.1237 with take profit at 0.1136, 0.1122, and ideally 0.1079. Stop-loss should go above the recent swing high that invalidates the bearish setup.
- If considering a long, do NOT knife catch. Only enter if price sweeps 0.1079 or 0.0981 with a clear low-timeframe reversal sign (pin bar, bullish engulfing, or strong buyback), aiming for a short-term rebound to 0.1136 or 0.1204.
- If price starts to base and close above 0.1271 with strong volume, that would invalidate this bearish view and suggest a possible larger bounce or reversal, but there is no evidence of that yet.
- My bias remains bearish for now—look for more downside unless confirmed reversal patterns emerge. The bottom is not yet confirmed, and another flush lower is still likely.
📝 This is not investment advice, just an educational report to help you understand the current structure and high-probability trade zones. Always wait for confirmations and use stops at swing highs/lows. Stay sharp!
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