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【$SPACE Signal】Short + Volume Breakout
$SPACE is experiencing a volume surge and a sharp decline, with a daily drop of over 28%. Coupled with the massive 181M volume, this is a typical panic sell-off and long liquidation resonance. Price action indicates main force distribution rather than a healthy correction.
🎯 Direction: Short (Short)
🎯 Entry: 0.0175 - 0.0180
🛑 Stop Loss: 0.0195 ( Rigid stop loss, breaking this level invalidates the downward structure )
🚀 Target 1: 0.0150
🚀 Target 2: 0.0120
$SPACE During the massive decline, high open interest suggests a large number of long positions being liquidated, forming a strong negative feedback loop. The price has broken all short-term support levels, and market sentiment has turned extremely fearful. Every rebound encounters new selling pressure. The order book shows no effective buy absorption, and downward momentum has not yet been fully released. Trading with the trend and shorting has a higher probability.
Trade here 👇 $SPACE
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