$RNBW — Brutal Liquidation ➝ Capitulation Wick ➝ Reversal Watch (Alpha Market) Newly launched RNBW just went through a violent liquidation cascade, dumping -56% in a straight vertical move. This wasn’t normal selling — this was forced exits + panic unwinds wiping late longs from the book.
Price wicked down to $0.0474 and is now stabilizing around $0.049–$0.050, which is the first sign of post-liquidation resilience.
Chart Breakdown:
• Massive sell-side liquidity grab from $0.14
• One-directional impulse = capitulation move
• Long red candles → emotion, not structure
• Small base forming near lows = absorption zone
• No bounce yet, but selling pressure is cooling
Key Levels to Watch:
• Local Support: $0.047 – $0.045
• Reclaim Level: $0.055
• Reversal Confirmation: Above $0.063
• Risk Zone: Lose $0.045 → continuation lower
Right now this is a high-risk, high-reward alpha setup. If price holds the lows and reclaims $0.055, a dead-cat bounce can evolve into a real reversal.
If not — patience wins.
This is post-launch volatility + liquidation aftermath. Smart money waits for confirmation, not candles 🔥
Trade
#RNBW here
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