Breaking $HOLO breaks the current support explicitly so it turns into resistance, paving the way for a direct drop toward the filled liquidity zone via orders and stop-losses for traders.
The current price action indicates the market maker is targeting this area to liquidate and capture that liquidity before any idea of a rebound or the formation of a new bottom.
๐ฏ Objectives (Targets):
Target 1: $0.0549
Target 2: $0.0546
Target 3: $0.0543 (liquidity capture zone)
$HOLO
The current price action indicates the market maker is targeting this area to liquidate and capture that liquidity before any idea of a rebound or the formation of a new bottom.
๐ฏ Objectives (Targets):
Target 1: $0.0549
Target 2: $0.0546
Target 3: $0.0543 (liquidity capture zone)
$HOLO
