Price is currently trading in a triangle pattern, and a breakout will determine the next move. This is a no-trade zone; it is better to wait for a clear breakout before making new entries.
Resistance Area: $0.0815-$0.0825
Resistance Area: $0.0815-$0.0825
Trade active
You can’t analyze yesterday’s move with regular charts — the dump wasn’t technical.It was triggered by Trump announcing higher tariffs on China, which instantly sent shockwaves across global markets.
To make things worse, several CEXs reported API failures, causing delayed price feeds and accidental liquidation cascades across futures platforms.
📉 This wasn’t normal selling — it was a system-wide dislocation.
⚠️ High volatility is still in play. Avoid overleveraging and stay defensive until liquidity stabilizes.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.