Looking at the 1H chart, the candle's wicks are sweeping down to the $0.283 area with the sole purpose of "shaking the tree to scare the monkeys" to force the last remaining patient holders to let go. The market is testing the endurance limit of those who still dream of a new ATH. A few red candles pulling back immediately cause fear of a collapse and prompt people to hastily exit right at the critical accumulation zone.
In reality, the buying force below at the support level of $0.275 is still extremely fierce, ready to absorb all sell-off orders. Thin liquidity gradually means that the supply pressure has run out after a long accumulation period. These annoying fluctuations are just to lighten the ship before entering a strong breakout phase towards the $0.35 area by the end of the month. Those who have gone through enough cycles will understand: the real gift is only for those who can keep a cool head.
