NFP just exploded 68% from the low and got rejected at 67 cents — textbook distribution at resistance.
$NFP $0.00586 Short TP $0.00557 SL $0.00604
The hourly candle printed an 80% upper wick at $0.00679 with 124M NFP volume — institutional distribution absorbing the retail chase.
Price sits 13% above hourly VWAP after a +22% daily surge, yet remains 16% below the daily SMA20 — dead cat territory.
DYOR
$NFP $0.00586 Short TP $0.00557 SL $0.00604
The hourly candle printed an 80% upper wick at $0.00679 with 124M NFP volume — institutional distribution absorbing the retail chase.
Price sits 13% above hourly VWAP after a +22% daily surge, yet remains 16% below the daily SMA20 — dead cat territory.
DYOR