If you're still treating volume spikes on down days as bullish support, stop now.
This is how traders lose money chasing fake floors while whales distribute. You end up holding bags as price bleeds further, missing the real exit.
$AMC just printed 5x volume into -2.8% selling pressure. That's distribution, not support building.
Some will say volume is volume and it could reverse if buyers absorb the flow. I see that side. High volume can precede big moves either way, but the clear selling here shows smart money unloading, much like the failed holds we get in $BTC . $ETH pairs have flashed the same traps recently.
What's your take on whether this is a buying opportunity or a warning sign?
#CryptoTrading #MarketAnalysis #AMC
This is how traders lose money chasing fake floors while whales distribute. You end up holding bags as price bleeds further, missing the real exit.
$AMC just printed 5x volume into -2.8% selling pressure. That's distribution, not support building.
Some will say volume is volume and it could reverse if buyers absorb the flow. I see that side. High volume can precede big moves either way, but the clear selling here shows smart money unloading, much like the failed holds we get in $BTC . $ETH pairs have flashed the same traps recently.
What's your take on whether this is a buying opportunity or a warning sign?
#CryptoTrading #MarketAnalysis #AMC
