SHORT $FLOCK | Momentum cools as volume explodes
๐จ AI TRADE ALERT โ $FLOCK
๐ด SHORT
๐ Entry: 0.04616 โ 0.0463
๐ Stop Loss: 0.04886
๐ฏ Take Profit: 0.03833
โฐ Valid for: 6 hours (21:25 on 13/10 โ 03:25 on 14/10, Vietnam time)
$FLOCK is being monitored by Scanner Pro for a SHORT setup, as selling pressure remains clear on the 1h timeframe. The flow of funds is leaning against the signal: funding at 0.0050% indicates that LONG traders are paying SHORT traders.
๐ WHAT THE DATA IS SHOWING
24h volume is approximately 11,924,125 in quote asset, alongside a 3.21x volume spike โ significant funds are flowing back in. Funding at 0.0050% means LONG traders are paying SHORT traders, so the crowd is leaning against the direction of this trade.
Momentum is weak on both the 1h (40.9) and 4h (26.2) timeframes, while the price is at 34% of the 24h range โ not yet at the bottom, but no longer high either.
๐ก SETUP & OPEN QUESTION โ $FLOCK
โ ๏ธ The biggest drawback: the 1h momentum indicator is at 40.9 โ the market is already weak, but this is unfavorable data, not further confirmation for the SHORT, and the 24h range is only around 14.8%, so the price could fluctuate sharply around the middle of the range.
If the price closes above the stop-loss level shown on the signal card, the current SHORT setup is no longer valid.
Do you think this volume spike signals distribution by large players, or is it just a temporary liquidity sweep?
This technical analysis is for educational purposes only and is not investment advice. Cryptocurrency trading involves high risk, and you could lose all your capital. Do your own research and take responsibility for your decisions.
#Binance #Crypto #Futures
๐จ AI TRADE ALERT โ $FLOCK
๐ด SHORT
๐ Entry: 0.04616 โ 0.0463
๐ Stop Loss: 0.04886
๐ฏ Take Profit: 0.03833
โฐ Valid for: 6 hours (21:25 on 13/10 โ 03:25 on 14/10, Vietnam time)
$FLOCK is being monitored by Scanner Pro for a SHORT setup, as selling pressure remains clear on the 1h timeframe. The flow of funds is leaning against the signal: funding at 0.0050% indicates that LONG traders are paying SHORT traders.
๐ WHAT THE DATA IS SHOWING
24h volume is approximately 11,924,125 in quote asset, alongside a 3.21x volume spike โ significant funds are flowing back in. Funding at 0.0050% means LONG traders are paying SHORT traders, so the crowd is leaning against the direction of this trade.
Momentum is weak on both the 1h (40.9) and 4h (26.2) timeframes, while the price is at 34% of the 24h range โ not yet at the bottom, but no longer high either.
๐ก SETUP & OPEN QUESTION โ $FLOCK
โ ๏ธ The biggest drawback: the 1h momentum indicator is at 40.9 โ the market is already weak, but this is unfavorable data, not further confirmation for the SHORT, and the 24h range is only around 14.8%, so the price could fluctuate sharply around the middle of the range.
If the price closes above the stop-loss level shown on the signal card, the current SHORT setup is no longer valid.
Do you think this volume spike signals distribution by large players, or is it just a temporary liquidity sweep?
This technical analysis is for educational purposes only and is not investment advice. Cryptocurrency trading involves high risk, and you could lose all your capital. Do your own research and take responsibility for your decisions.
#Binance #Crypto #Futures