NOT → "DUMP" and 0.015 or false breakdown and 0.04?

Updated

looks strong both fundamentally and technically, but the hourly timeframe is forming the preconditions for a “Dump” of the coin before a possible further rise.

Since the opening (not counting the listing day), the coin has strengthened quite strongly without much pullbacks, which has created a rather large imbalance. In addition, there is a clear “Dump” scenario, where first the coin was pumped up to 450% and now it can be dumped in order to collect liquidity at the expense of traders who caught up with the outgoing train.
At the moment all the attention is on the area of 0.02-0.0199. There are two possible scenarios regarding the level and everything depends on the market reaction and traders' behavior. Either it will be a breakout and liquidation, or a false breakdown with the subsequent continuation of growth to the liquidity zones.

Support levels: 0.0199, 0.185
Resistance levels: 0.023, 0.0253

Volumes, investments are growing, but the coin cannot grow all the time. The market needs energy and whales may eat some buyers in order to form long positions at more favorable prices. We are watching the specified zone of 0.0199.

Regards R. Linda!

Note

False breakdown of resistance. The scenario persists
Waiting for a test of support

Trade active

The coin continues to dig up potential.

Note

Price enters risk zone amid the news
Next, you should follow the price reaction to the zones indicated in the idea

Trade active

I like the situation in that a false breakout is forming.
We need to wait for confirmation from the market that the bulls are ready to hold the 0.02 area and go higher. it could be a strong consolidation above 0.02, either above the rising trendline or above 0.023

Note

Scenario : Dump
The coin is declining in order to eliminate buyers. Emphasis on previously specified zones

Note

The coin continues to be leaked.
Emphasis on the level of 0.01715
Breakdown will give a decline to 0.01526.

RLinda

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