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Most traders are going to miss the trap being set on $PARTI right now.
Looking at this 1D chart, we just had a massive run-up from the 0.069 bottom, but the momentum is starting to look exhausted. We are currently sitting at 0.0938 and it’s struggling to hold that recent high ground.
The price action is creating a bit of a choppy range between 0.10 and 0.09. Every time it pokes its head above 0.10, the sellers swatted it right back down. Volume is also thinning out at 2.22M USDT, which usually means the big players are stepping back to see who blinks first.
If we lose this current support level, I’m expecting a quick slide back down to test the 0.087 area. It’s a classic "buy the rumor, sell the news" type of structure developing here. I’m definitely not chasing this green candle until I see a clean daily close above that 0.11 resistance.
Staying patient is hard when you see volatility, but it’s the only way to survive.
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