That massive red candle just wiped out the entire consolidation range we were holding around 0.149. We tapped 0.127 and now we're seeing a tiny bit of life, but it looks more like a dead cat bounce than a real reversal for now. The 1h chart is looking pretty heavy with that -13% drop. Unless we can reclaim 0.14 quickly, this is just going to be a "sell the rally" situation. I'm looking at 0.1325 as the immediate pivot point. I’m staying light on this one until the dust settles. Volatility is high but the trend is clearly down right now. Be careful catching falling knives.
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Someone just nuked the floor on $CARV .
That massive red candle just wiped out the entire consolidation range we were holding around 0.149. We tapped 0.127 and now we're seeing a tiny bit of life, but it looks more like a dead cat bounce than a real reversal for now.
The 1h chart is looking pretty heavy with that -13% drop. Unless we can reclaim 0.14 quickly, this is just going to be a "sell the rally" situation. I'm looking at 0.1325 as the immediate pivot point.
I’m staying light on this one until the dust settles. Volatility is high but the trend is clearly down right now.
Be careful catching falling knives.
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