$IDOL is up 358% in just 12 days. But looking at this 24H chart, I see a reason to be careful.
Price is back near $0.0277, and every push toward $0.030 is meeting selling pressure.
That worries me more than the green candles excite me.
I'm not buying here.
A clean breakout above $0.030 could change my view. But another rejection could trigger a painful correction.
If this rally fully unwinds, $0.010–$0.008 is where I'd start looking for a better setup.
Imagine buying after a 358% rally, only to become exit liquidity for those who caught the move early.
I'd rather miss another 20% upside than get trapped in a 60% correction.
Price is back near $0.0277, and every push toward $0.030 is meeting selling pressure.
That worries me more than the green candles excite me.
I'm not buying here.
A clean breakout above $0.030 could change my view. But another rejection could trigger a painful correction.
If this rally fully unwinds, $0.010–$0.008 is where I'd start looking for a better setup.
Imagine buying after a 358% rally, only to become exit liquidity for those who caught the move early.
I'd rather miss another 20% upside than get trapped in a 60% correction.
