💀 This is beyond a correction — it's a total wipeout. Down 97% from the highs.
What looked like a solid accumulation zone? Crushed.
Stop-loss hunters had a feast — anyone still holding got flushed out.
Now the price is trapped below the former floor — a channel under the channel, the basement of the market. Below that? A void. A drop into the unknown. Yes, there's a theoretical chance of a complete collapse or even a rug pull — unlikely, but your risk management must account for it.
🧠 But here’s what’s more realistic:
This is often the exact kind of setup where a silent reversal brews.
Fear at extremes. Liquidity dried up. Everyone gave up.
First target — a bounce to the midline of the old accumulation zone. ( 0.31-0.34)
What looked like a solid accumulation zone? Crushed.
Stop-loss hunters had a feast — anyone still holding got flushed out.
Now the price is trapped below the former floor — a channel under the channel, the basement of the market. Below that? A void. A drop into the unknown. Yes, there's a theoretical chance of a complete collapse or even a rug pull — unlikely, but your risk management must account for it.
🧠 But here’s what’s more realistic:
This is often the exact kind of setup where a silent reversal brews.
Fear at extremes. Liquidity dried up. Everyone gave up.
First target — a bounce to the midline of the old accumulation zone. ( 0.31-0.34)
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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.