⚖️ ZEREBRO Ran 80% in Under a Day, Then Lost 27% in Two Hours. Second Leg or Lower High?
Two days of going nowhere, then ZEREBRO decided quiet was overrated.
$0.0275 to $0.050 in about 18 hours.
$0.050 to $0.0363 in two hourly candles.
Back at $0.0429 now.
The run launched from an accumulation range near $0.027 to $0.031 (a sideways zone where buyers soak up supply before a trend).
The top got messy. The dump candle printed heavy volume, but the biggest bar of the run hit the next candle, which wicked to $0.0363 and closed back above $0.041. Sellers unloaded hard near $0.050, and buyers absorbed even harder.
Since then it's been boxed between roughly $0.0385 and $0.044 on cooling volume. Price is pressing the top of that box right now, and a push only counts once an hourly candle closes above it.
The map from here. 🎯
Close above $0.044 and the $0.0465 to $0.0477 zone, where the dump started, is next. Then the $0.050 top.
Reject at $0.044 and that's a lower high (a weaker peak, often the first crack in a trend). Lose $0.0385 and the $0.0363 wick is back in play. Below it, the run left a thin patch to about $0.0345, one giant candle with almost no trading inside, so a break could move fast.
A coin that drops 27% in two hours can do it again. Size for that kind of candle, and keep leverage light or skip it.
Does $0.044 crack on this push, or cap the bounce again? 🔥
Not financial advice.
$ZEREBRO
$WAL
$BTW
Two days of going nowhere, then ZEREBRO decided quiet was overrated.
$0.0275 to $0.050 in about 18 hours.
$0.050 to $0.0363 in two hourly candles.
Back at $0.0429 now.
The run launched from an accumulation range near $0.027 to $0.031 (a sideways zone where buyers soak up supply before a trend).
The top got messy. The dump candle printed heavy volume, but the biggest bar of the run hit the next candle, which wicked to $0.0363 and closed back above $0.041. Sellers unloaded hard near $0.050, and buyers absorbed even harder.
Since then it's been boxed between roughly $0.0385 and $0.044 on cooling volume. Price is pressing the top of that box right now, and a push only counts once an hourly candle closes above it.
The map from here. 🎯
Close above $0.044 and the $0.0465 to $0.0477 zone, where the dump started, is next. Then the $0.050 top.
Reject at $0.044 and that's a lower high (a weaker peak, often the first crack in a trend). Lose $0.0385 and the $0.0363 wick is back in play. Below it, the run left a thin patch to about $0.0345, one giant candle with almost no trading inside, so a break could move fast.
A coin that drops 27% in two hours can do it again. Size for that kind of candle, and keep leverage light or skip it.
Does $0.044 crack on this push, or cap the bounce again? 🔥
Not financial advice.
$ZEREBRO
$WAL
$BTW