๐ฅ$DYM on the move!๐
Explosive breakout โ brutal rejection โ cooling off.
Is ๐ DYM loading for round 2โฆ or shaking out weak hands? ๐
Watch 0.055 & 0.050 closely.
Massive impulse move followed by a sharp rejection at the top wick near 0.075 ๐
Price is now consolidating around 0.053 after the spike.
๐ What Weโre Seeing:
โข Strong breakout from 0.040 zone
โข Parabolic push โ heavy rejection
โข Lower highs forming
โข Price cooling off into consolidation
This looks like a classic pump โ distribution โ range structure.
๐ง Key Levels to Watch:
๐ Resistance: 0.055 โ 0.058
๐ Major Rejection Zone: 0.065 โ 0.075
๐ Support: 0.050
๐ Breakdown Level: 0.048
๐ Possible Scenarios:
1๏ธโฃ Reclaim 0.055 โ continuation toward 0.060
2๏ธโฃ Lose 0.050 โ revisit 0.045 liquidity
3๏ธโฃ Range build before next expansion move
Volume will decide the next direction.
โ ๏ธ After large wicks like that, patience usually pays. Let the structure form before jumping in.
Are you accumulating here or waiting for lower levels? ๐
