⚓ SAGA's Rocket Just Turned Into an Anchor
It keeps sinking.
The ride since the 72% candle:
A blow-off wick all the way to $0.0916.
Then that same 4H candle closed at $0.030, wiping out the entire rocket and then some.
Now $0.0258, about 72% below the peak.
For the record: last time we named $0.040 to $0.042, the old launchpad, as the zone where real demand should show up if the move unwound. It didn't hold. Price sliced through, bounced once into the $0.035 to $0.038 area, got rejected, and broke structure lower at $0.030.
That rejection matters. The bounce topped out right where trapped buyers were waiting to get out, and every rally since has been sold. 👀
Now SAGA sits on a thin demand band around $0.0245 to $0.0257, the same area it traded on September 20, before the final leg up. In other words, that whole last run is gone.
The levels.
Hold $0.0245 and price can finally try to base. Any bounce has to clear $0.030, then the $0.035 to $0.038 supply.
Lose it, and $0.020 is next, then $0.017.
The strong low near $0.013 is the floor of the whole move.
A falling coin doesn't owe anyone a bounce. Wait for it to stop sinking before trying to catch it.
Base at $0.0245, or does the anchor keep dropping? 🔥
Not financial advice.
$SAGA
$Q
$XAU
It keeps sinking.
The ride since the 72% candle:
A blow-off wick all the way to $0.0916.
Then that same 4H candle closed at $0.030, wiping out the entire rocket and then some.
Now $0.0258, about 72% below the peak.
For the record: last time we named $0.040 to $0.042, the old launchpad, as the zone where real demand should show up if the move unwound. It didn't hold. Price sliced through, bounced once into the $0.035 to $0.038 area, got rejected, and broke structure lower at $0.030.
That rejection matters. The bounce topped out right where trapped buyers were waiting to get out, and every rally since has been sold. 👀
Now SAGA sits on a thin demand band around $0.0245 to $0.0257, the same area it traded on September 20, before the final leg up. In other words, that whole last run is gone.
The levels.
Hold $0.0245 and price can finally try to base. Any bounce has to clear $0.030, then the $0.035 to $0.038 supply.
Lose it, and $0.020 is next, then $0.017.
The strong low near $0.013 is the floor of the whole move.
A falling coin doesn't owe anyone a bounce. Wait for it to stop sinking before trying to catch it.
Base at $0.0245, or does the anchor keep dropping? 🔥
Not financial advice.
$SAGA
$Q
$XAU
