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$DATA Pumps Then Dumps ā Real Move or Bull Trap?
Streamr (
$DATA ) shot up like a rocket, hitting $0.020, but crashed right back to $0.01595. Huge volume, but that rejection wick is a big red flag.
ā± 4H Chart
š +4.32% Daily Change
ā ļø Wick City ā strong spike, sharp drop
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š Breakout or Fakeout? Hereās the Breakdown
š¼ Jumped above key MAs
š» Got slammed down just as fast
ā MA7 now above price = risk of bearish cross
Current MA Levels:
MA7: $0.0163 ā price under = not great
MA25: $0.0141 ā potential retest area
MA99: $0.0134 ā back above, but fragile
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šÆ Key Levels to Watch:
Resistance:
$0.0175 ā must reclaim for bullish case
$0.0200 ā wick top, breakout zone
Support:
$0.0148 ā wick base (short-term line)
$0.0133 ā long-term MA support
$0.0125 ā danger zone (bulls out)
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š§ Smart Strategy Right Now:
š¢ Already long? Set tight stop below $0.0148
ā³ Thinking of entering? Wait for a confirmed move over $0.017
ā ļø Donāt chase wick highs ā thatās how traders get trapped
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š§Ø Final Take: Looks Hot, Feels Risky
This spike had power, but rejection was brutal. Could be a liquidity trap unless bulls fight back above $0.017 fast. Be cautious ā and let the chart prove itself.
always DYOR
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#DATA #Altcoins #CryptoTrading #BreakoutWatch #MemeCoinMoves