Pattern Identified
Parabolic Spike / Blow-off Move after a Downtrend
Strong downtrend earlier
Sudden vertical green candle from ~0.00385 to ~0.01088
Followed by immediate rejection and pullback
Very long bullish candle = panic buying / short squeeze
This is not a healthy breakout pattern
This behavior is commonly seen in:
Pump & dump structure
Liquidity grab
Exhaustion move
Key Levels : Resistance: 0.0095 – 0.0108
Current zone: ~0.0081
Support: 0.0065 - 0.0050
Major support: 0.0038 (pump base)
Indicator Logic (Price Action)
+52% in a single day - overextended
No consolidation before pump - weak structure
Big wick rejection near the top - seller dominance
Order book shows more sellers (61%)
Trade Bias (Short Term)
BUY? - NO
Too late for buying. High risk of trap.
✅ SELL / SHORT? - YES (on bounce)
Best strategy:
Short near: 0.0088 – 0.0095
Stop loss: Above 0.0109
Targets:
TP1: 0.0065
TP2: 0.0050
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