I was waiting for confirmation before participating, and the current movement has likely ended.
We might see additional momentum (2$ – 3$) if the liquidation occurs before the actual drop begins.
The base scenario:
Returning to the main support at 5$
From there, a strong and safe buying opportunity begins.
Overall:
A long correction is coming, but it is not straightforward…..
Because it might be preceded by a false rise and liquidation before the drop.
Failure of this outlook:
A clear break above 14$.
⚠️ This is not financial advice
Always do your own research.