-56.54%.
That’s not a dip. That’s a structural break.
The 4H chart shows a slow bleed with one violent flush at the end. Nine red candles out of twelve. The last candle wicked to 0.010 and closed at 0.0103 — that’s not support. That’s a knife that hasn’t finished falling.
RSI is at 20 on the 4H. Oversold, yes. But oversold in a downtrend is just a rest stop, not a reversal.
On the daily, there’s an unfilled bearish imbalance between roughly 0.054 and 0.058. Price is far below it — any bounce toward that zone gets sold, not reclaimed. Volume profile shows heaviest interest near 0.058, but price is at 0.0103. That’s a massive vacuum below — no real liquidity shelf to catch this.
My read: if $WTC loses the 0.010 area on a 4H close, the next logical objective sits near 0.0088. The invalidation for this bearish thesis is only above 0.0113 — a move back above that would suggest the flush is exhausting. No leveraged positioning to unwind — this is pure spot capitulation. Heavier than it looks.
Tap $WTC to pull up the chart and read these levels yourself.
I’m watching the 0.010 zone like a hawk — follow along and I’ll share the read if it breaks or holds.
Which level are you watching more — the 0.0088 objective or the 0.0113 invalidation? 👇
⚠️ Not financial advice. DYOR.
#WTC #Crypto #BinanceSquare
That’s not a dip. That’s a structural break.
The 4H chart shows a slow bleed with one violent flush at the end. Nine red candles out of twelve. The last candle wicked to 0.010 and closed at 0.0103 — that’s not support. That’s a knife that hasn’t finished falling.
RSI is at 20 on the 4H. Oversold, yes. But oversold in a downtrend is just a rest stop, not a reversal.
On the daily, there’s an unfilled bearish imbalance between roughly 0.054 and 0.058. Price is far below it — any bounce toward that zone gets sold, not reclaimed. Volume profile shows heaviest interest near 0.058, but price is at 0.0103. That’s a massive vacuum below — no real liquidity shelf to catch this.
My read: if $WTC loses the 0.010 area on a 4H close, the next logical objective sits near 0.0088. The invalidation for this bearish thesis is only above 0.0113 — a move back above that would suggest the flush is exhausting. No leveraged positioning to unwind — this is pure spot capitulation. Heavier than it looks.
Tap $WTC to pull up the chart and read these levels yourself.
I’m watching the 0.010 zone like a hawk — follow along and I’ll share the read if it breaks or holds.
Which level are you watching more — the 0.0088 objective or the 0.0113 invalidation? 👇
⚠️ Not financial advice. DYOR.
#WTC #Crypto #BinanceSquare