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$FLOCK This candlestick movement is really something else—the “dog whale” is shaking out the weak hands so hard it’s unreal! That last needle went straight down to 0.0569; it’s clearly panic selling forced out by the main players smashing the price with their money.
Looking at the 4-hour chart, the RSI is already severely oversold, but the trading volume is being amplified abnormally—this is a classic bottom accumulation/absorption tactic. If we don’t set positions here, are we waiting to chase the price higher after it pumps?
My system shows that around 0.0569 is a strong support zone, with the stop-loss placed below 0.0540. If the “dog whale” wants to cut up retail traders for profit, then we’ll turn around and hit back.
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