Not many people noticed the shift at 0.074 but things just got interesting.
$CC had a massive vertical run up to nearly 0.11 and now we're seeing the inevitable pullback. It’s currently hovering around 0.098 after a pretty aggressive rejection candle. The volume is still high so the volatility isn't going away yet. I’m looking to see if we can find some support around the 0.092 level. If that holds it might just be a healthy reset before another leg up. But honestly if we lose 0.088 this whole pump starts looking like a classic bull trap.
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Not many people noticed the shift at 0.074 but things just got interesting.
$CC had a massive vertical run up to nearly 0.11 and now we're seeing the inevitable pullback. It’s currently hovering around 0.098 after a pretty aggressive rejection candle.
The volume is still high so the volatility isn't going away yet. I’m looking to see if we can find some support around the 0.092 level. If that holds it might just be a healthy reset before another leg up.
But honestly if we lose 0.088 this whole pump starts looking like a classic bull trap.
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