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【$SPACE Signal】Shorting + Liquidation-Driven Decline
$SPACE is experiencing a volume surge and a sharp drop, with a daily decline of over 33%. Combined with high open interest, this is a typical liquidation-driven market.
🎯 Direction: Short (Short)
🎯 Entry: 0.0160 - 0.0165
🛑 Stop Loss: 0.0175 ( Rigid stop loss, breaking this level invalidates the downward structure )
🚀 Target 1: 0.0140
🚀 Target 2: 0.0120
Price is dropping vertically under massive selling pressure, indicating a liquidation event for longs. High open interest (OI) remains elevated during the price plunge, suggesting the liquidation waterfall is ongoing and bearish momentum persists. The market lacks strong buy support; any rebound presents a new shorting opportunity.
Trade 👇 $SPACE
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