• A sharp spike up to 4.62370, followed by an instant drop back to 4.28. This is known as "taking out stops and liquidity". • The wick on top is huge, while the body of the candlestick is small. The bots collected liquidity above the highs and dumped the price.
• Volume: There was a massive spike in volume at the peak: Vol: 3M. This is exactly what a squeeze looks like. Conclusion A big player pushed the price up, collected the stops of the shorters + lured in the long traders, and then immediately unloaded on them. Everyone who jumped in on the breakout above the high is now sitting in the red.
What's next: 1. The level 4.27 - 4.28 is currently support from EMA7/25. If it holds, there might be a bounce. 2. Resistance above is at 4.388 from EMA99 and 4.404 - 4.43 where there were a lot of sell orders. 3. Volume has dropped after the squeeze. Typically, after such a squeeze, it leads to sideways action or a slow drift down. $LAB
$BSB I didn't keep track of this coin. I just jumped into the first thing I saw because I was late for a date with my girl. Oh, if she turns me down today, how will I feel? And what will she think of me now? (just kidding)
$LAB I'm waiting for a drop to at least $3.9 within the next day. It's a short trade. I could hold out for $3, but the wait has already dragged on. I want to aim for a 200% return on my deposit and reinvest the profits into another trade.
$SAGA pay attention to #saga there was a 3x pump on high volume! meanwhile, there was a nearly 3x retracement but not below the buyers' interest zone. within the week, this pump will repeat but at 5x. Why? A huge amount of this coin was bought. Why? The whale needs coins for market manipulation. They're interested in moving the price, and during the retracement, they only sold a small portion. Buy in for $100, and in a week you'll get $500.
$LAB price can't break the 6.40 level. It's unlikely anyone will let it drop below 6.38. The screen shows that a short position is being set up. You can confidently enter short at 6.2 with a stop at 6.41. Take profit can be set at 4 75. Risk is 0.2, take profit 1.45. Risk-reward ratio 1:7.