$US 💪 3.7x Unusual Selling Volume on
$US , what just happened?
- Given the extremely high volume and rapid sell-off, I expect further downside pressure in the short-term, but anticipate possible manipulations below 0.018016 before a bounce
- If you’re looking to trade this, a short setup can be considered on a weak retest and rejection at 0.019615 or 0.020064, targeting 0.018853 and 0.018016. Wait for confirmation such as a bearish engulfing, failure to close above resistance, or continuation structure on lower timeframes before entry
- If price suddenly sweeps below 0.018016 and instantly bounces with strength (look for a pin bar, bullish engulfing, or strong displacement candle on 5m), that could signal panic-driven liquidity grab and a quick reversal—this is a potential long scalp back to 0.018853 or higher, but only with confirmed reversal
- If price breaks and closes below 0.018016 with strong volume and no quick reversal, expect continuation lower to 0.017497 or even into the 0.016992 demand zone
- My bias remains bearish unless you see a very clear and strong reversal below 0.018016. Only flip long if there’s a confirmed sweep and reversal at or below that level
📝 This is not investment advice, just an educational report. In summary: the trend is bearish with high volume. Look to short on failed retests of resistance, but be ready for a fast reversal if you see smart money manipulation below the most recent low—wait for confirmation before any entry!
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