【$SPACE Signal】Empty Position Observation: Market Structure Repair After Violent Liquidation
$SPACE After experiencing a -29% violent decline, the price action shows typical panic selling and long liquidation. Currently, open interest remains high, and it is necessary to observe whether the downward momentum exhausts itself.
🎯 Direction: Short (NoPosition)
🎯 Entry: Not involved for now
🛑 Stop Loss: N/A
🚀 Target 1: N/A
🚀 Target 2: N/A
Hardcore Logic: Nearly 30% daily decline accompanied by high trading volume and open interest, which is a typical long leverage liquidation driven scenario. In terms of price action, clear signs of stabilization (such as: long lower shadows on hourly charts, shrinking volume, inability to create new lows on selling pressure) are needed to confirm that panic has been released. The current market structure has been broken, and repair will take time. Forcing a bottom is equivalent to catching a falling knife. The core of small loss, big profit is waiting for high-probability odds points, rather than betting on rebounds during a downtrend.
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【$SPACE Signal】Empty Position Observation: Market Structure Repair After Violent Liquidation
$SPACE After experiencing a -29% violent decline, the price action shows typical panic selling and long liquidation. Currently, open interest remains high, and it is necessary to observe whether the downward momentum exhausts itself.
🎯 Direction: Short (NoPosition)
🎯 Entry: Not involved for now
🛑 Stop Loss: N/A
🚀 Target 1: N/A
🚀 Target 2: N/A
Hardcore Logic: Nearly 30% daily decline accompanied by high trading volume and open interest, which is a typical long leverage liquidation driven scenario. In terms of price action, clear signs of stabilization (such as: long lower shadows on hourly charts, shrinking volume, inability to create new lows on selling pressure) are needed to confirm that panic has been released. The current market structure has been broken, and repair will take time. Forcing a bottom is equivalent to catching a falling knife. The core of small loss, big profit is waiting for high-probability odds points, rather than betting on rebounds during a downtrend.
Trade here 👇 $SPACE
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