$FLOKI This is what happened: the market fell below an important level just to get people out. It broke, it scared them, it took stops and liquidity... and then it stopped immediately.
If it had been real weakness, it would have continued to fall. But it didn't.
It formed a base below, calmed down, and is now slowly returning above that level. This tells you that the break was false, it was just manipulation.
You don't see strength now because strength is not needed yet. First, the market needed to be cleaned up. That has been done.
Now the price is light, there is no more selling pressure …and that is why it is becoming interesting right now, not before.
In a nutshell: first they scared us, now they are rebuilding.
And that's always where good movements come from.
Simple invalidation and, as with other macro charts, horrible, but in the low tmf relief bounces, they are OK.

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

