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【$TURTLE Signal】Short | Volume Breakout Downward
$TURTLE is experiencing a volume breakout downward, with a daily decline of over 17%. Combined with high open interest, the market logic points to long liquidation or main force distribution, rather than a healthy correction.
🎯 Direction: Short (Short)
🎯 Entry: 0.0585 - 0.0595
🛑 Stop Loss: 0.0620 (Rigid Stop Loss)
🚀 Target 1: 0.0540
🚀 Target 2: 0.0500
Price plummeted with high trading volume, indicating strong and sustained selling pressure. The high open interest did not significantly decrease during the decline, implying a chain risk of forced long liquidation, which adds fuel to the downward move. The current price action suggests that any rebound into the entry zone is a weak rebound, providing an opportunity for shorting liquidity.
Trade 👇 $TURTLE
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