Price has dropped right back into the same demand zone that held everything together during the last major flush. I noticed we’re getting clear RSI divergence thus price is bleeding lower, but momentum isn’t following. That usually means to me that sellers are getting tired.
There’s also a large gap in the chart above it’s current base. If we reclaim even the low $0.40s, there’s room to rip to the upside. The liquidity supports the thesis of a 200%+ move straight into that inefficiency zone sitting just under $1.10.
Why this matters:
• RSI isn’t confirming the breakdown
• Strong historical support is holding (green box)
• That gap above hasn’t been revisited—yet
• The crowd is convinced it’s dead, which is usually when it wakes up
My levels:
• Entry: Here, while it’s still bleeding
• TP1: $0.50
• TP2: $0.90
• TP3: $1.10
• SL: Tight, just under $0.32
I’m not calling a moonshot. I’m just saying this chart is screaming for attention, and the reward looks too clean to ignore.
There’s also a large gap in the chart above it’s current base. If we reclaim even the low $0.40s, there’s room to rip to the upside. The liquidity supports the thesis of a 200%+ move straight into that inefficiency zone sitting just under $1.10.
Why this matters:
• RSI isn’t confirming the breakdown
• Strong historical support is holding (green box)
• That gap above hasn’t been revisited—yet
• The crowd is convinced it’s dead, which is usually when it wakes up
My levels:
• Entry: Here, while it’s still bleeding
• TP1: $0.50
• TP2: $0.90
• TP3: $1.10
• SL: Tight, just under $0.32
I’m not calling a moonshot. I’m just saying this chart is screaming for attention, and the reward looks too clean to ignore.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.