-65.85% in 24 hours.
That is not a normal pullback. That is a structural collapse in progress.
$NFP has shed roughly two-thirds of its value in a single day. The 4H candles tell the story: after hovering near 0.0054, price broke hard — a 37% candle, followed by another 34% flush. RSI on this timeframe reads 12.89. That is not oversold. That is capitulation.
The 0.00445–0.00479 zone now sits as an unfilled bearish gap. The volume profile's point of control near 0.00678 is a distant memory.
The pivot sits around 0.00181. The invalidation zone is the ~0.00191 area. If $NFP can reclaim that on a 4H close, the flush may be exhausting itself. Until then, the path of least resistance points toward ~0.00165, with deeper targets near 0.00114 if the 4H structure does not hold.
My read: this is a falling knife with no visible bid support yet. The only thing that changes the narrative is a 4H close back above ~0.00191. Until then, any bounce is likely a pause, not a reversal.
Tap $NFP to pull up the chart and read these levels yourself.
Follow for the update if this level gets tested — I'll break down whether the flush is truly done or just reloading.
What level are you watching on NFP 👇
⚠️ Not financial advice. DYOR.
#NFP #Crypto #TopLoser #BinanceSquare
That is not a normal pullback. That is a structural collapse in progress.
$NFP has shed roughly two-thirds of its value in a single day. The 4H candles tell the story: after hovering near 0.0054, price broke hard — a 37% candle, followed by another 34% flush. RSI on this timeframe reads 12.89. That is not oversold. That is capitulation.
The 0.00445–0.00479 zone now sits as an unfilled bearish gap. The volume profile's point of control near 0.00678 is a distant memory.
The pivot sits around 0.00181. The invalidation zone is the ~0.00191 area. If $NFP can reclaim that on a 4H close, the flush may be exhausting itself. Until then, the path of least resistance points toward ~0.00165, with deeper targets near 0.00114 if the 4H structure does not hold.
My read: this is a falling knife with no visible bid support yet. The only thing that changes the narrative is a 4H close back above ~0.00191. Until then, any bounce is likely a pause, not a reversal.
Tap $NFP to pull up the chart and read these levels yourself.
Follow for the update if this level gets tested — I'll break down whether the flush is truly done or just reloading.
What level are you watching on NFP 👇
⚠️ Not financial advice. DYOR.
#NFP #Crypto #TopLoser #BinanceSquare