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【$SPACE Signal】Short + Volume Breakout
$SPACE forms a breakdown structure after a -35.88% volume-driven decline, with high open interest indicating continued selling pressure.
🎯Direction: Short (Short)
🎯Entry: 0.0155 - 0.0160
🛑Stop Loss: 0.0170 (Rigid Stop Loss)
🚀Target 1: 0.0140
🚀Target 2: 0.0120
Price action shows characteristics of main force distribution, with volume-driven long bearish candles breaking all support levels on the daily chart. Market logic points to a chain reaction of liquidations caused by bullish blowouts. Currently, there is no effective buy-side support; a rebound presents an opportunity for bears to add to their positions. Any rebound on lower timeframes is a healthy reset, building momentum for the next decline.
Trade 👇 $SPACE
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