The 1h chart is actually showing something interesting here. We just had that sharp dip down to the 600 level, but the buyers stepped in pretty fast to keep it from falling off a cliff.
Right now we’re sitting at 0.00000623 and it feels like a tug of war.
The volume is decent at 2.34T but the 1-year change is still down over 58% which is heavy.
If we can consolidate here and flip 0.00000642 into support, we might actually see a decent relief bounce.
If not, we’re probably just going to sideways bleed for a bit longer.
Watching the order book closely. 53% buy pressure vs 46% sell is a slight lean toward the bulls for the moment.
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Wait, did everyone just stop looking at $SHIB ?
The 1h chart is actually showing something interesting here. We just had that sharp dip down to the 600 level, but the buyers stepped in pretty fast to keep it from falling off a cliff.
Right now we’re sitting at 0.00000623 and it feels like a tug of war.
The volume is decent at 2.34T but the 1-year change is still down over 58% which is heavy.
If we can consolidate here and flip 0.00000642 into support, we might actually see a decent relief bounce.
If not, we’re probably just going to sideways bleed for a bit longer.
Watching the order book closely. 53% buy pressure vs 46% sell is a slight lean toward the bulls for the moment.
#CryptoMarketPullback