#After reaching ATH, the asset is in an aggressive distribution phase and a downward momentum. A decrease of 18% per day for a volume exceeding market capitalisation indicates an exit of large players and forced margin reductions/liquidations.
Speculative overheating: The Volume / Market Cap > 150% indicator is characteristic of assets with a high level of manipulation, increased spread and frequent false failures.
The main scenario (Prolonged pressure): Attempts at a local rebound will meet resistance in the $0.0280–$0.0310 zone. In the absence of the formation of the consolidation base, the risk of further sliding into the range of $0.0190–$0.0210 remains.
Alternative scenario : In the case of a slowdown in sales and accumulation of liquidity, a short-term correction impulse to the $0.0295 level is possible, where sellers should expect to fix positions. #smileafterburn $TUT
Speculative overheating: The Volume / Market Cap > 150% indicator is characteristic of assets with a high level of manipulation, increased spread and frequent false failures.
The main scenario (Prolonged pressure): Attempts at a local rebound will meet resistance in the $0.0280–$0.0310 zone. In the absence of the formation of the consolidation base, the risk of further sliding into the range of $0.0190–$0.0210 remains.
Alternative scenario : In the case of a slowdown in sales and accumulation of liquidity, a short-term correction impulse to the $0.0295 level is possible, where sellers should expect to fix positions. #smileafterburn $TUT