Did $1000RATS just pull the fastest rug of the day?
That vertical pump to 0.0520 was insane, but look at that rejection candle. It wiped out hours of gains in a single hour. We are basically back to square one at 0.0422.
Volume spiked hard during that dump which usually means a lot of stop losses got hit on the way down. Now we are sitting right on the local support around 0.040. If this level doesn't hold, we might be sliding back to the 0.038 accumulation zone.
I’m not touching this until the dust settles. It needs to consolidate here for a bit before I’d even think about a long.
1000RATSUSDT
Prep
0.03944
-2.37%