⚠️ $C98 Warning: Bull Trap or Reversal?
Market Overview:
While the pump to 0.0317 looks impressive, we must remain objective. The 4H candle left a massive rejection wick, which often signals heavy selling pressure from institutions offloading their bags.
The Bearish Case:
Inefficiency: The move up was parabolic. Parabolic moves often correct 50-80%. A drop to 0.0185 is still possible if 0.0215 support fails.
Volume: The buy volume is fading. If we don't see a bounce at 0.0224 immediately, this could be a classic "Pump and Dump" distribution schematic.
Structure: We are still technically making lower highs on the Weekly chart.
Risk Management Strategy:
I am NOT longing blindly here. I need to see the price hold 0.0224 for at least two 4H closes.
Conservative Entry: Wait for a break above $0.0240 to confirm strength.
Aggressive Short: If price breaks below $0.0210, SHORT targeting $0.0180.
Final Decision: WAIT / NEUTRAL
Confidence: Medium
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