$AMC is giving me a classic post-launch volatility setup. Price spiked all the way to $0.5311 before getting rejected heavily and settling around $0.0945.
The $0.0800 area is now the level I’m watching closely. So far, price is trying to stabilize above it, but the sharp drop from the initial spike shows how aggressive the sellers are.
Volume was massive on the first move and has been cooling since, which suggests the initial frenzy is fading.
I’m not chasing this one. I want to see #MEME build a proper base and reclaim $0.10–$0.14 with volume before considering a stronger bullish setup.
#Macro Insights# #Altcoin Season# $BTC
The $0.0800 area is now the level I’m watching closely. So far, price is trying to stabilize above it, but the sharp drop from the initial spike shows how aggressive the sellers are.
Volume was massive on the first move and has been cooling since, which suggests the initial frenzy is fading.
I’m not chasing this one. I want to see #MEME build a proper base and reclaim $0.10–$0.14 with volume before considering a stronger bullish setup.
#Macro Insights# #Altcoin Season# $BTC
