What if this $Q bounce is just giving buyers one last reason to stay… before the real sell-off begins? 👀
That’s what I’m watching here.
The price is moving back into the $0.12–$0.14 zone, but the move still doesn’t look strong enough to convince me. Whenever buyers start feeling comfortable again, selling pressure shows up and kills the momentum.
That usually tells me one thing:
the market is still distributing as prices rise.
There’s also a much larger liquidity zone lower down, around $0.069–$0.061.
So if this bounce fails again, I don’t think the next move will be a slow correction.
It could quickly turn into one or two strong red candles.
The danger is that a lot of people will see this bounce and think the decline is over.
I see it the other way around.
If $Q can’t hold this recovery, this could be the last moment of calm before the drop intensifies
That’s what I’m watching here.
The price is moving back into the $0.12–$0.14 zone, but the move still doesn’t look strong enough to convince me. Whenever buyers start feeling comfortable again, selling pressure shows up and kills the momentum.
That usually tells me one thing:
the market is still distributing as prices rise.
There’s also a much larger liquidity zone lower down, around $0.069–$0.061.
So if this bounce fails again, I don’t think the next move will be a slow correction.
It could quickly turn into one or two strong red candles.
The danger is that a lot of people will see this bounce and think the decline is over.
I see it the other way around.
If $Q can’t hold this recovery, this could be the last moment of calm before the drop intensifies