$SAFE 🔥 3.9x Unusual Selling Volume on
$SAFE , what just happened?
- With this kind of massive volume spike and sudden drop, this often points to distribution by smart money or forced liquidations. The lack of bullish reversal signals means further downside is likely in the short term.
- I expect price to attempt a weak bounce, possibly stalling at 0.1005 – 0.1053, and then resuming lower toward 0.0988 and possibly 0.0963.
- If you want to short, wait for a bounce and a clear rejection signal (such as a shooting star, bearish engulfing, or lower timeframe reversal at resistance near 0.1005-0.1053). Enter short on confirmation, target 0.0988 first, then 0.0963 if momentum continues. Place your stop-loss above the swing high of the retrace.
- Remember: don’t short blindly right after a panic move—wait for confirmation! If price sharply reclaims 0.1053 and closes above with strong bullish candles, my bias flips to neutral and I would avoid shorting.
- For a long setup, only consider after clear manipulation and strong reversal patterns below 0.0988 or 0.0963.
📝 This is not investment advice, just an educational analysis of the chart. Trade with caution and always wait for clear confirmation before entering any position!
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