$SCRT 👀 6.3% Dump & 4.0x Volume Spike on
$SCRT , panic or opportunity?
- This is likely not the bottom yet, as there is no clear reversal signal and the selloff is still fresh. The volume spike is more indicative of panic selling and/or smart money distribution.
- I expect further downside is possible, but only after a possible minor bounce or retracement into resistance.
- If price bounces to the 0.0507–0.0533 area and stalls, that’s the spot to look for a new short entry, with targets at 0.0475, 0.0440, and 0.0411.
- Do not short directly into the dump candle—wait for price to retrace and show exhaustion or reversal at resistance.
- If price reclaims and holds above 0.0533 with strength, the bearish bias is invalidated and a reversal could be forming.
- Watch for confirmation: wait for signs of exhaustion, reversal candles, or bearish structure on lower timeframes before entering.
- This is not investment advice, only an educational report. Trade safely and always wait for confirmation before acting!
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