$TRIA
📉 16.5x Sell Volume Spike on $TRIA , distribution or shakeout?
- With this level of volume anomaly and sharp downward move, the bias remains bearish unless there is a violent reversal with strong buyback.
- My expectation is for price to first seek liquidity lower, likely testing 0.02432 and potentially 0.02316 as next downside targets.
- A high-probability short setup would be at a failed rally toward 0.02576 or 0.02689, confirmed by signs of rejection (bearish candlesticks, failed closes above resistance, or lower highs forming on 5m/1m charts). Entry can be considered at these resistance levels with take profit at 0.02432, then 0.02316. Stop-loss should be set above the swing high of the reaction you enter on (e.g., just above 0.02689 if shorting there).
- If price suddenly reclaims and closes above 0.02689 with strong volume and momentum, that would be a sign of potential reversal or manipulation, and the bearish bias should be reconsidered. Watch for a quick move back into the fair value gap area around 0.0277 in that case.
- Example scenario: If price rallies to 0.02576, forms a shooting star or bearish engulfing, and lower timeframe shows rejection, that’s your short entry. First target 0.02432, second target 0.02316. Wait for confirmation on lower timeframes before entering—don’t rush in after such a huge drop.
📝 This is not investment advice, but an educational report for your trading development. Manage your risk, use confirmations, and never rush entries after a high-volatility event like this!
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