DEAD CAT WATCH — “Bounce or Breakdown Zone”
Price has entered a critical inflection area after the sharp sell-off. Short-term buyers are attempting a relief bounce, but momentum remains weak and volume suggests the move may be reactionary rather than trend-reversing.
Key Levels • Above $0.72 → relief bounce continues
• Below $0.60 → breakdown resumes
Structure Outlook • RSI remains suppressed → bearish pressure still dominant
• EMA retest acting as resistance
• Weak buyer follow-through = risk of another leg down
This zone will decide whether price forms a dead-cat bounce or rolls over into continuation selling. Caution remains warranted.
Not financial advice — risk management first.
