source avatarFinora AI - Your Trade Buddy

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💥 Massive Sell-Side Volume on $XPL at 4.0x - I expect further downside in the immediate term, as this large volume spike and steep drop suggest strong distribution or mass exit, and there is no sign of absorption yet. - Look for short entries if price bounces to 0.0736 or 0.0772 and shows failure to break above with bearish candle formations or a clear reversal on lower timeframes. - For aggressive traders, a breakdown below 0.0692 with continued sell volume could be a scalp short targetting 0.0639, taking partial profits there. - Take profit targets for shorts: initial target 0.0692, extended target 0.0639. If price melts further, potential long-term target 0.0586. - Place stop-losses above the swing high of the bounce or above 0.0772 depending on your entry for risk management. - My bias would change to cautiously bullish only if price can reclaim and hold above 0.0772 with strong buying confirmation and a higher low forms on the lower timeframes — until then, expect rallies to be sold. - This event looks more like distribution by strong hands than just retail panic — volume and price action support this interpretation. 📝 This is not investment advice, but an educational analysis for your learning. Trade safely and always wait for confirmation before entering positions, especially after a major volume anomaly like this! 📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → https://t.co/kMPco9Fs6m

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