$H 💨 3.9x Unusual Selling Volume on
$H , what just happened?
- With heavy volume and strong selling, I expect further downside in the short term. This is classic high-volume distribution, likely orchestrated by smart money as weak hands are flushed out 🦈
- Look for price to first test and potentially sweep the support zone at 0.06825. If this level breaks on high momentum, a move toward 0.06248 is likely 🔻
- I would look for short entries on failed rallies into 0.07150–0.07343 resistance, especially if a bearish candle or rejection wick forms there
- Take profit targets for shorts: first 0.06825, then 0.06248 (more aggressive)
- Only consider longs if there’s a stop-hunt below 0.06164 followed by a rapid reclaim and bullish reversal candle — confirmation is absolutely required here!
- If price suddenly reclaims above 0.077 with strong bullish candles and volume, my short bias would be invalidated, and I'd then expect a squeeze up toward 0.08084
- For now, the path of least resistance is still down — but sharp reversals can happen if smart money absorbs panic selling at key demand zones
- Always wait for confirmation before entering: pin bars, lower timeframe reversals, or strong engulfing candles give best entries. Don’t short blindly into key supports, and don’t try to catch a falling knife unless there’s a clear reversal
📝 This is not investment advice, just an educational analysis! Trade safe and always use risk management!
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