When the price is still lying under the moving average, pinned there, the contract order book on the sell side has already pushed the sell volume above the buy volume. The strength of the bids that are taking the supply is visibly being drained. This isn’t a washout—it’s someone using the sideways consolidation to quietly deliver the knife. The long accounts are still holding positions and haven’t fled, but any new buying has already dwindled to the point of having no fight left. This means whoever is propping the market is only working with existing inventory, not adding new support. If you think the price hasn’t crashed, so you’re safe, you’d better take a look at what the other side is doing. By the time they realize it, they may not even leave you an opportunity to run.
