【$42 Signal】Short Position + Sharp Drop with Volume Surge
$42 is experiencing a waterfall decline, with a single-day drop exceeding 36%, accompanied by massive trading volume. Market logic suggests liquidation of long positions or main players offloading, with price action showing strong panic selling and no effective buying support.
🎯 Direction: Short Position
Currently, there are no bottom structures or accumulation signs on the chart; the price is in free fall. Any attempt to catch the bottom contradicts price action principles. Market psychology has shifted to full-blown panic, with liquidity dominated by sellers. Wait for volatility to contract and clear signs of stabilization (such as daily Pin Bar or sideways movement after volume contraction) before reassessment.
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【$42 Signal】Short Position + Sharp Drop with Volume Surge
$42 is experiencing a waterfall decline, with a single-day drop exceeding 36%, accompanied by massive trading volume. Market logic suggests liquidation of long positions or main players offloading, with price action showing strong panic selling and no effective buying support.
🎯 Direction: Short Position
Currently, there are no bottom structures or accumulation signs on the chart; the price is in free fall. Any attempt to catch the bottom contradicts price action principles. Market psychology has shifted to full-blown panic, with liquidity dominated by sellers. Wait for volatility to contract and clear signs of stabilization (such as daily Pin Bar or sideways movement after volume contraction) before reassessment.
Trade 👇 $42
here
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