This move is not random… smart money is testing late buyers here.
$GENIUS came with explosive volume and printed a massive impulse candle straight from the lows. After touching the 0.70 zone, price started cooling down — classic volatility after a breakout move.
Right now market structure still looks bullish as long as price holds above the mid-range support. Momentum traders will watch for a healthy pullback instead of chasing green candles.
If buyers defend the current area, another push toward highs is possible. But losing support can trigger a fast flush because the move already got overheated.
Entry: 0.58 – 0.61
TP: 0.68 / 0.74 / 0.82
SL: 0.54