After a long series of declines, $FLUID just had a very strong 'bounce' from the bottom region of 2.8x up to nearly 4.4 in just a few candles — but the upward momentum was immediately rejected strongly.
Notable signs on the chart:
The price was heavily pushed down right after the pump, creating a long upper wick → the selling pressure is still extremely large.
Currently testing the strong resistance area around 4.0 – 4.2 and showing signs of weakening.
EMA 50 – 100 – 200 above the price throughout the downtrend → the structure still leans towards bearish.
If this rebound is just a temporary 'short squeeze', then this could be the ideal zone for you guys to SHORT according to the main trend.
But as always: manage risks tightly – don't let a wick blow your account away!