We are witnessing a possible Wycoff Distribution pattern playing out which could bring price action down to $0.048 which would also come in line with the 0.786 Fibzone. If we do not hit the 0.786 fib zone as a bottom we could find great support at the 0.05 price which was great resistance back in September and November 2023.
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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.