$Q -36.95% $0.03518 Crash And Reversal - Bottom?
Just got some major wick! Quack AI has printed a sharp wick and quickly reversed. Last $0.04618 -36.95% / Mark $0.04621
Live Binance Data:
High 24H: $0.07499 / Low $0.03518 Volume (Q): 5.78B Volume (USDT): 278.22M
Up 25.14% Today | Down -61.09% 7D | Up 88.52% 30D | Up 120.54% 90D | Up 338.82% 180D | Up 79.61% 1Y
Volume Spiked at MA(5) 110M > MA(10) 71.9M. Strong 299M candle. Buyers have been drained.
Chart shows clear sweep down to a low of $0.04822 to $0.03518 followed by a sharp green candle to $0.04618. We have seen liquidation and recovery. Short term we are still seeing a correction (-61%) but the intraday is now showing bullish.
Support/Resistance:
Support: $0.03518 absolute low / $0.043134 (Must hold)
Resistance: $0.048872 / $0.04822 (Recent high) Big Wall: $0.07499 24H high — break $0.04822 (Will push price up to $0.06+)
Trade Plan:
Not going for the spike. Will be looking for a retest.
Bullish: Buy at $0.043134 and close above $0.04822 with volume. Target $0.06 then $0.07499. Stop at below $0.0402
Bearish: Sell at $0.03518 and close below = Short to $0.032. Stop at above $0.0431
Overall bias is LONG at $0.03518 holds. This is classic failed breakdown 5.78B volume shows buyers stepped in hard. Best R:R is pullback to $0.043-$0.044. Not at the high of the green candle. Risk 1-2%.
Buying this breakout? $0.07499 / Low $0__0.04822
Tap to trade $Q
Just got some major wick! Quack AI has printed a sharp wick and quickly reversed. Last $0.04618 -36.95% / Mark $0.04621
Live Binance Data:
High 24H: $0.07499 / Low $0.03518 Volume (Q): 5.78B Volume (USDT): 278.22M
Up 25.14% Today | Down -61.09% 7D | Up 88.52% 30D | Up 120.54% 90D | Up 338.82% 180D | Up 79.61% 1Y
Volume Spiked at MA(5) 110M > MA(10) 71.9M. Strong 299M candle. Buyers have been drained.
Chart shows clear sweep down to a low of $0.04822 to $0.03518 followed by a sharp green candle to $0.04618. We have seen liquidation and recovery. Short term we are still seeing a correction (-61%) but the intraday is now showing bullish.
Support/Resistance:
Support: $0.03518 absolute low / $0.043134 (Must hold)
Resistance: $0.048872 / $0.04822 (Recent high) Big Wall: $0.07499 24H high — break $0.04822 (Will push price up to $0.06+)
Trade Plan:
Not going for the spike. Will be looking for a retest.
Bullish: Buy at $0.043134 and close above $0.04822 with volume. Target $0.06 then $0.07499. Stop at below $0.0402
Bearish: Sell at $0.03518 and close below = Short to $0.032. Stop at above $0.0431
Overall bias is LONG at $0.03518 holds. This is classic failed breakdown 5.78B volume shows buyers stepped in hard. Best R:R is pullback to $0.043-$0.044. Not at the high of the green candle. Risk 1-2%.
Buying this breakout? $0.07499 / Low $0__0.04822
Tap to trade $Q
