Last week a chart rejected one level so cleanly that the rest of the session felt decided before it even started.
You know the trap. Price dips, you talk yourself into a bounce, and then there is no clean exit because every green candle gets sold before you can breathe.
We rejected hard at 0.00000568 and it has been bleeding out since. Lower highs are forming and the buyers look weak. Every pump is getting sold off almost instantly. Same script you see when $BTC loses a reclaim and just keeps printing lower highs, or when thinner names like $PEPE and $FLOKI fade once the first rejection sticks and nobody steps in to defend the bounce. The price is specific. The behavior is not. Supply showed up there and never really left, so each lift is just another chance for sellers to get out. Until this thing can hold a higher low instead of dumping the first green candle, the easy long already left the building.
Where do you think this goes from here?
#crypto #trading #altcoins
You know the trap. Price dips, you talk yourself into a bounce, and then there is no clean exit because every green candle gets sold before you can breathe.
We rejected hard at 0.00000568 and it has been bleeding out since. Lower highs are forming and the buyers look weak. Every pump is getting sold off almost instantly. Same script you see when $BTC loses a reclaim and just keeps printing lower highs, or when thinner names like $PEPE and $FLOKI fade once the first rejection sticks and nobody steps in to defend the bounce. The price is specific. The behavior is not. Supply showed up there and never really left, so each lift is just another chance for sellers to get out. Until this thing can hold a higher low instead of dumping the first green candle, the easy long already left the building.
Where do you think this goes from here?
#crypto #trading #altcoins
