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$THE pumping +6.1% with 5.5x abnormal volume
- After a 5.5x volume spike, there’s a real chance this was accumulation by bigger players, but the price is right under the equilibrium and close to significant resistance at 0.0699.
- I expect increased volatility and potential whipsaws as price is sandwiched between equilibrium and strong resistance above. If price holds 0.0628–0.0602, look for a reversal and consider longing with confirmation (pin bar, bullish engulfing, or lower timeframe trend shift). Entry example: long at 0.0628–0.0602 with confirmation, targeting 0.0699 first, then 0.0735, and possibly 0.0800. Always place your stop below the recent swing low or a structure break.
- If price surges above 0.0699 and retests this level as support, that’s another potential long entry towards the higher targets (0.0735, 0.0800, then 0.0884).
- If price loses 0.0602 and fails to reclaim it quickly, stand aside and wait for reaction near 0.0498. A strong bounce below the most recent low (0.0498) would be a textbook liquidity sweep for a long entry.
- To avoid a bull trap, don’t buy into the spike without confirmation. Insist on bullish reversal evidence at support, or a strong breakout/retest scenario above resistance before entering.
- My bias is bullish if supports hold and volume sustains on upward moves, but quickly shifts to bearish if 0.0602 and especially 0.0498 are lost and not reclaimed.
📝 This is not investment advice, only an educational report. Please trade with proper risk management and always wait for confirmations before entering a position!
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