#capitulationcandle
capitulationcandle
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๐จ $VELVET BUBBLE POPS! TOTAL DAILY CAPITULATION! ๐จ
Talk about "elevator up, shaft down." $VELVET has just delivered a brutal reality check to anyone chasing the highs.
๐๐ฅ๐ The Damage:
The Peak: The parabolic run topped out at an absolute high of 1.92200 before the music stopped completely.
The Flush:
A single monstrous red daily candle has wiped out over a week of gains on massive selling volume.Current Floor: Currently trading at 0.43704, slamming directly into a critical macro horizontal support zone.
๐ก The Play:
The immediate trend is heavily damaged and the euphoria is officially dead. Bulls must hold this $0.43 floor to stabilize the price for a potential dead-cat bounce.
If this level snaps, expect the bleed to continue down toward deeper moving averages. ๐ก๏ธDid you take profits near the top or get caught in the liquidation waterfall? Drop your play below! ๐
#VELVETUSDT #cryptocrash #CapitulationCandle #BEATUSDT
#LABUSDT
Talk about "elevator up, shaft down." $VELVET has just delivered a brutal reality check to anyone chasing the highs.
๐๐ฅ๐ The Damage:
The Peak: The parabolic run topped out at an absolute high of 1.92200 before the music stopped completely.
The Flush:
A single monstrous red daily candle has wiped out over a week of gains on massive selling volume.Current Floor: Currently trading at 0.43704, slamming directly into a critical macro horizontal support zone.
๐ก The Play:
The immediate trend is heavily damaged and the euphoria is officially dead. Bulls must hold this $0.43 floor to stabilize the price for a potential dead-cat bounce.
If this level snaps, expect the bleed to continue down toward deeper moving averages. ๐ก๏ธDid you take profits near the top or get caught in the liquidation waterfall? Drop your play below! ๐
#VELVETUSDT #cryptocrash #CapitulationCandle #BEATUSDT
#LABUSDT
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