🧠 The Safest Next Move: WAIT
If you are not already in a position, the best move is to do nothing for the next 5 to 15 minutes.
A 5-minute chart is pure noise. You are looking at a coin with low liquidity and high FDV that just had a violent spike. Often, these spikes completely retrace back to where they started within an hour.
Summary:
· If you want to Long: Wait for a confirmed breakout and retest above $0.400.
· If you want to Short: Wait for a clear rejection at $0.400 (a red candle closing below $0.395) and target the gap fill down to $0.388.
· If you want to keep your money: Close the app and wait for a cleaner setup.#CT
If you are not already in a position, the best move is to do nothing for the next 5 to 15 minutes.
A 5-minute chart is pure noise. You are looking at a coin with low liquidity and high FDV that just had a violent spike. Often, these spikes completely retrace back to where they started within an hour.
Summary:
· If you want to Long: Wait for a confirmed breakout and retest above $0.400.
· If you want to Short: Wait for a clear rejection at $0.400 (a red candle closing below $0.395) and target the gap fill down to $0.388.
· If you want to keep your money: Close the app and wait for a cleaner setup.#CT