Check out what’s happening with $H right now because this looks like a textbook trap.
We had that massive squeeze up to 0.138 but the sellers stepped in heavily immediately. Price is just bleeding out now and struggling to find any real floor around this 0.114 level. Volume is dropping off too, which usually means the hype is fading. If we don't hold this current area, I'm expecting a slow grind back down to the 0.10 zone where the move originally started. I'm staying hands off until I see a real reversal candle or a solid base form.
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Check out what’s happening with $H right now because this looks like a textbook trap.
We had that massive squeeze up to 0.138 but the sellers stepped in heavily immediately. Price is just bleeding out now and struggling to find any real floor around this 0.114 level.
Volume is dropping off too, which usually means the hype is fading. If we don't hold this current area, I'm expecting a slow grind back down to the 0.10 zone where the move originally started.
I'm staying hands off until I see a real reversal candle or a solid base form.
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