❌ $GUA hit with 2.7x sell volume spike, is this over or just starting? ⁉️🚨
🔥 The 2.7x volume anomaly and sharp drop after running the most recent high strongly suggest a smart money distribution event, not just panic selling. This looks like engineered liquidity collection above 0.04488, followed by a swift reversal.
🔥 My expectation is for price to continue correcting down toward the 0.04160–0.04104 support area. The path of least resistance is now lower unless bulls can impulsively reclaim 0.04286 with strong volume.
🔥 Example short setup: If price retests 0.04286–0.04307 and shows clear bearish confirmation (engulfing candle, rejection wick, or lower high on M5), consider a short entry. Target 0.04160 first, then 0.04104. Place your stop-loss above 0.04488 or the most recent lower high.
🔥If price breaks and holds above 0.04488 with strong continuation, this invalidates the short then look for a squeeze higher.
🔥**You should not enter blindly:** Wait for a clear confirmation at resistance for example, a pin bar, bearish engulfing, or multiple rejections on the 1m/5m chart at 0.04286–0.04307. Alternatively, if price flushes into 0.04160 and prints a strong reversal candle, a quick scalp long is possible but higher risk.
🔥 The 2.7x volume anomaly and sharp drop after running the most recent high strongly suggest a smart money distribution event, not just panic selling. This looks like engineered liquidity collection above 0.04488, followed by a swift reversal.
🔥 My expectation is for price to continue correcting down toward the 0.04160–0.04104 support area. The path of least resistance is now lower unless bulls can impulsively reclaim 0.04286 with strong volume.
🔥 Example short setup: If price retests 0.04286–0.04307 and shows clear bearish confirmation (engulfing candle, rejection wick, or lower high on M5), consider a short entry. Target 0.04160 first, then 0.04104. Place your stop-loss above 0.04488 or the most recent lower high.
🔥If price breaks and holds above 0.04488 with strong continuation, this invalidates the short then look for a squeeze higher.
🔥**You should not enter blindly:** Wait for a clear confirmation at resistance for example, a pin bar, bearish engulfing, or multiple rejections on the 1m/5m chart at 0.04286–0.04307. Alternatively, if price flushes into 0.04160 and prints a strong reversal candle, a quick scalp long is possible but higher risk.