$FLOCK just made a serious move. The next reaction matters more than the candle that got us here.
What stands out here is that volume is running about 26.6x its recent pace, open interest is up 15.3%, and the 1H move is +11.27%. That gives the move real context instead of treating every candle as a signal.
The area around $0.02788 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Do you think $FLOCK has another leg left, or is this move already too stretched?
#FLOCK #Trading
Trade plan: SHORT
Entry: $0.07697
SL: $0.09035
TP1: $0.02788
TP2: $0.02787
TP3: $0.02786
What stands out here is that volume is running about 26.6x its recent pace, open interest is up 15.3%, and the 1H move is +11.27%. That gives the move real context instead of treating every candle as a signal.
The area around $0.02788 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Do you think $FLOCK has another leg left, or is this move already too stretched?
#FLOCK #Trading
Trade plan: SHORT
Entry: $0.07697
SL: $0.09035
TP1: $0.02788
TP2: $0.02787
TP3: $0.02786
