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【$SPACE Signal】Short | Volume Breakout Downward
$SPACE Massive Drop of -21%, price action indicates strong selling dominance, accompanied by high trading volume and open interest, with long liquidation being absorbed.
🎯Direction: Short (Short)
🎯Entry: 0.0132 - 0.0135
🛑Stop Loss: 0.0145 (Rigid stop loss, breaking this level invalidates the downward structure)
🚀Target 1: 0.0115
🚀Target 2: 0.0098
$SPACE Massive daily decline, price has broken away from the main support zone. The combination of high trading volume and high open interest during price decline is a typical signal of long leverage liquidation and main force distribution. No effective buying support is seen on the market, and every rebound faces selling pressure. Any rebound to the entry zone on the lower timeframe is an opportunity to add positions, with targets looking towards previous lows and lower liquidity pools.
Trade here 👇 $SPACE
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