-35.48% in a single 4H candle.
That is not a pump. That is a liquidation cascade with a dead-cat bounce wearing a "+17.65%" costume.
Eleven of the last twelve candles closed red. Price fell from 0.024 to 0.006 in two days. The bounce off the lows is barely a retrace of the most recent leg down.
Price sits near 0.0060, just above the objective zone at 0.0055. The invalidation sits around 0.0063 — less than five percent away. A 4H close back above that would tell me the bounce has more fuel than the tape suggests.
Below, an unfilled gap runs from 0.0096 down to 0.0094. Gaps act as magnets. The path of least resistance stays lower until that zone gets tested or the invalidation clears.
RSI on the 4H is 23 — oversold, but in a downtrend this steep, oversold can stay oversold for days.
My read: the bounce is real but fragile. The risk is mistaking a relief rally for a reversal. If $KDA fails to reclaim 0.0063, the 0.0055 zone is the next logical magnet. Tap $KDA to pull up the chart and see the gap for yourself.
I will update this read if the invalidation clears or the gap gets filled — follow so you do not have to hunt for it.
Which zone are you watching closer on $KDA — the gap above or the objective below? 👇
⚠️ Not financial advice. DYOR.
#KDA #Kadena #Crypto #BinanceSquare
That is not a pump. That is a liquidation cascade with a dead-cat bounce wearing a "+17.65%" costume.
Eleven of the last twelve candles closed red. Price fell from 0.024 to 0.006 in two days. The bounce off the lows is barely a retrace of the most recent leg down.
Price sits near 0.0060, just above the objective zone at 0.0055. The invalidation sits around 0.0063 — less than five percent away. A 4H close back above that would tell me the bounce has more fuel than the tape suggests.
Below, an unfilled gap runs from 0.0096 down to 0.0094. Gaps act as magnets. The path of least resistance stays lower until that zone gets tested or the invalidation clears.
RSI on the 4H is 23 — oversold, but in a downtrend this steep, oversold can stay oversold for days.
My read: the bounce is real but fragile. The risk is mistaking a relief rally for a reversal. If $KDA fails to reclaim 0.0063, the 0.0055 zone is the next logical magnet. Tap $KDA to pull up the chart and see the gap for yourself.
I will update this read if the invalidation clears or the gap gets filled — follow so you do not have to hunt for it.
Which zone are you watching closer on $KDA — the gap above or the objective below? 👇
⚠️ Not financial advice. DYOR.
#KDA #Kadena #Crypto #BinanceSquare
