Massive pumps often hide the most brutal traps.
$G just went absolutely vertical with a 60.71% move. Price tagged a high of 0.00703 and is now sitting at 0.00680. The RSI is screaming at 95, which means this move is purely FOMO-driven.
For spot traders, this is a warning sign. Chasing a vertical candle with a 95 RSI is how you become exit liquidity. You do not want to be the one buying the top.
I am watching the 0.0050 to 0.0055 zone for a potential retest. If $G can cool off, hold that previous resistance, and stabilize, I will start scaling into a spot position.
But right now, patience is the play. The invalidation point for this setup is a drop below 0.0040. Until then, I am just watching the chaos unfold.
Are you buying this dip or waiting for a deeper pullback? Follow for elite spot insights. $G
$G just went absolutely vertical with a 60.71% move. Price tagged a high of 0.00703 and is now sitting at 0.00680. The RSI is screaming at 95, which means this move is purely FOMO-driven.
For spot traders, this is a warning sign. Chasing a vertical candle with a 95 RSI is how you become exit liquidity. You do not want to be the one buying the top.
I am watching the 0.0050 to 0.0055 zone for a potential retest. If $G can cool off, hold that previous resistance, and stabilize, I will start scaling into a spot position.
But right now, patience is the play. The invalidation point for this setup is a drop below 0.0040. Until then, I am just watching the chaos unfold.
Are you buying this dip or waiting for a deeper pullback? Follow for elite spot insights. $G
