$UB 💥
$UB just saw 3.4x selling volume, smart money exiting?
- With this kind of aggressive volume and strong momentum down, I expect price to make a weak bounce at best, possibly retesting the 0.08066–0.08314 area before another leg down.
- If you are looking for a trade: Watch for a short entry on a rejection at 0.08066 or 0.08314–0.08302. Wait for a clear confirmation like a bearish engulfing, failed higher high on lower timeframes, or a strong rejection wick.
- Example: If price bounces to 0.08066 and forms a pin bar or bearish engulfing, consider entering short. First take-profit at 0.07513, second at 0.07154. Place your stop above the local swing high that forms at the rejection.
- If price reverses strongly above 0.08320 and closes above 0.08500 with conviction, that would invalidate the bearish scenario and suggest a possible reversal squeeze.
- Remember, volume spikes like this are often followed by continuation after a short-lived bounce, so patience for the right confirmation is key.
📝 This is not investment advice, but an educational analysis. Always wait for your entry confirmation and manage risk appropriately!
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