$FLUID Signal】Short | Weak rebound after volume breakdown



$FLUID After experiencing a -28% volume-driven plunge, it is now undergoing a weak rebound. The price action shows a typical downward continuation, with high open interest accompanying the price decline, indicating that bulls are being liquidated or that the main force is distributing.

🎯 Direction: Short (Short)

🎯 Entry: 2.75 - 2.85

🛑 Stop Loss: 3.05 (Rigid Stop Loss)

🚀 Target 1: 2.40

🚀 Target 2: 2.00

The plunge in $FLUID was accompanied by massive volume and high open interest, which is a strong bearish signal. The current rebound is weak and has failed to recover the 38.2% Fibonacci retracement of the key decline, indicating a technical pullback within the supply zone. The market shows weak buying absorption, and any rebound near the entry zone is a new shorting opportunity. The main logic is to follow the inertia of liquidation and distribution, leading to further decline.

Trade 👇 $FLUID

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FLUID-5,49%
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