$CT
🚨 Despite the mad rally and a proper clean break above all the moving averages, this is nothing more than a classic liquidity trap
The price kissed the upper Bollinger Band at 0.38511 and is starting to show signs of exhaustion
Volume is drying up on the latest candles, while the MACD is pushing into overextended territory
Entry: Short at 0.38150
Stop-Loss: Tightly tucked at 0.38700
Targets: First profit target at 0.34500, with a final target down at 0.31000
$CT
All of these long green candles came on the back of a prolonged chop, which typically precedes a massive wipeout for late-to-the-party retail traders
History proves that these kinds of parabolic pumps on small-cap tokens end in a sharp crash dragging the price straight back down to the heavy support zone at 0.30833
Anyone buying right now is just walking into the slaughterhouse—the drop is coming, and it's coming soon
$CT
#Market_Update #CT
🚨 Despite the mad rally and a proper clean break above all the moving averages, this is nothing more than a classic liquidity trap
The price kissed the upper Bollinger Band at 0.38511 and is starting to show signs of exhaustion
Volume is drying up on the latest candles, while the MACD is pushing into overextended territory
Entry: Short at 0.38150
Stop-Loss: Tightly tucked at 0.38700
Targets: First profit target at 0.34500, with a final target down at 0.31000
$CT
All of these long green candles came on the back of a prolonged chop, which typically precedes a massive wipeout for late-to-the-party retail traders
History proves that these kinds of parabolic pumps on small-cap tokens end in a sharp crash dragging the price straight back down to the heavy support zone at 0.30833
Anyone buying right now is just walking into the slaughterhouse—the drop is coming, and it's coming soon
$CT
#Market_Update #CT