$Q What if this $Q bounce is only giving buyers one last reason to stay⊠before the real sell-off starts? đ
Thatâs what Iâm watching here.
Price is pushing back into the $0.12â$0.14 zone, but the move still doesnât look strong enough to convince me. Every time buyers start feeling comfortable again, selling shows up and kills the momentum.
That usually tells me one thing:
the market is still distributing into strength.
Thereâs also a much bigger liquidity pocket sitting lower around $0.069â$0.061.
So if this current bounce fails again, I donât think the next move will be some slow pullback.
It can turn into one or two heavy red candles very quickly.
The dangerous part is that a lot of people will look at this bounce and think the dump is finished.
Iâm looking at it the opposite way.
If $Q cannot hold this recovery, this may be the last comfortable moment before the downside gets aggressive.
Thatâs what Iâm watching here.
Price is pushing back into the $0.12â$0.14 zone, but the move still doesnât look strong enough to convince me. Every time buyers start feeling comfortable again, selling shows up and kills the momentum.
That usually tells me one thing:
the market is still distributing into strength.
Thereâs also a much bigger liquidity pocket sitting lower around $0.069â$0.061.
So if this current bounce fails again, I donât think the next move will be some slow pullback.
It can turn into one or two heavy red candles very quickly.
The dangerous part is that a lot of people will look at this bounce and think the dump is finished.
Iâm looking at it the opposite way.
If $Q cannot hold this recovery, this may be the last comfortable moment before the downside gets aggressive.