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Is $ROBO setting up for a massive squeeze or are we about to see a nasty rejection?
Looking at the 1D chart it is clear this thing is volatile as anything right now. We had that huge spike up to 0.0489 recently but the rejection was just as fast. Currently sitting around 0.04219 and trying to hold its ground after a decent 5% bounce today.
The support seems to be building around 0.039 but those long wicks at the top tell me sellers are sitting heavy in the 0.043 to 0.045 range. Volume is actually pretty solid at 15M USDT so there are definitely eyes on this one.
The order book is looking a bit scary though with 60% on the ask side. It feels like the market is waiting for a reason to dump or pump it properly. I am not touching this until I see it flip 0.044 into support.
What is the play here? Are you gambling on the breakout or waiting for lower entries?
#MicroStrategyAddsBTCFor1.28B