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Is this finally the bottom or $币安人生 just a pit stop on the way down?
Looking at the 1D chart for this meme coin, it’s been a rough ride from those 0.198 peaks. We are sitting at 0.0591 right now and it’s basically just crawling sideways.
The support at 0.0525 is the only thing keeping this alive. If that level snaps, there isn’t much history below to catch it. Volume is pretty dead too which is never a great sign for a meme play that needs hype to move.
I’m watching for a break above 0.077 to even consider a long. Until then, it’s just a slow bleed and I’m not in the business of catching falling knives.
Stay patient and let the market show its hand first.
Would you like me to check the 4-hour chart to see if any bullish divergence is hidden in this sideways action?
#USJoblessClaimsMissExpectations