Truth of Demand $FIGHT just saw 5.7x buying volume, real demand or trap?
- This explosive move with a massive volume spike is very likely the result of either a large accumulation by smart money or a news-driven/whale-driven event. Usually, after such a spike, price either pulls back for a fair value retest or continues upward if the move is genuine.
- I expect price to attempt a pullback to test the breakout and demand zone around 0.003814–0.00357. If buyers aggressively defend this area (watch for bullish candlesticks, reversal setups, or strong buying on the tape), a long entry can be considered.
- First target for any long trade is a move back to 0.004034; if this breaks with momentum, look for 0.004446 and possibly 0.004719 as stretch targets.
- For confirmation, wait for price to wick into or below 0.003814, then print a bullish reversal candle or show a sweep and quick reclaim of the zone on lower timeframes. This is your green light to enter.
- If price instead fails at 0.003814 and closes below 0.00357 with heavy selling, the setup is invalid and you should wait for another accumulation signal.
- The safest play is to buy on the retest of the breakout with confirmation, take profit at resistance levels, and keep your stop-loss below the swing low that prompted the move.
- Bias will flip bearish if 0.00357 is lost and price consolidates below this level.$FIGHT
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