VERRRY Undervalued, anticipating BTC's end of Rally, High volume,
Lower TP as i think it will just pump a bit then rug a lot. Dont expect it to hit 400%
Lower side on the volume profile, I think volume is accumulating, And we are currently in a good volume resistance that's on the lower side of the volume profile.
After the recent drop (which dropped 71.384 Billion FCON coins), 46.627 Billion FCON coins has been accumulated!! To put it in perspective, in all of the history of this coin, the most amount of buying of this coin was 2 billion coins at once! This means that they purposely dropped the price to buy lower and sell at the most recent high volume area. And use the...
A big gap of volume leading to a big jump of price, Selling is exhausted, Good buildup of volume that will lead to a pump.
Only TP changed nothing, nothing changed. Changed the TP due to the volume area is higher than what i was expecting.
In high demand zone, and is in parallel with a multiple order blocks Entries I made: 1. 0.528, 0.525, 0.522, 0.519, if possible (0.516) Exit: 0.534
Volume is at its highest ever since it's introducement as seen in chart. It also has been accumulating as seen in the volume profiles.
Accumulating volume, may impose a liquidity pool, is undervalued as looking to the volume profile, sellers def exhausted.
Looking at the price action, i suggest that to gain 1%-3% and then sell. (let it hit support).
Looking at the 4ema (using numbers of the fibonacci sequence), i believe that shorting rn is a good idea