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- MC:$3.53KHolders:10.00%
- MC:$3.58KHolders:20.04%
- MC:$3.61KHolders:20.30%
- MC:$3.6KHolders:40.17%
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Is it just me, or is $SSV looking like it’s about to snap?
This 1h chart is actually pretty clean. We had that aggressive move up from the $2.91 base, and now it’s basically just hugging the upper resistance around $3.99. It’s been consolidating sideways for a few hours now, which usually means the market is deciding if it has the strength to break into the $4.00+ territory.
Volume is sitting at 38.19M, so there is definitely enough liquidity moving through here to cause a sharp move either way. If we can close a candle above $4.04, I’m expecting a quick squeeze. However, if this consolidation fails, I’ll be watching the $3.57 level to see if it catches the fall and keeps the structure bullish.
Just watching the tape for now to see if the buyers can finish what they started.
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