📡 $DATA /USDT – Massive Wick, Breakout or Bull Trap?
🔸 Current Price: $0.01595
🔸 Timeframe: 4H
🔸 24H Change: +4.32%
🔸 Volatility: High – wick up to $0.020+, followed by sharp rejection!
---
📊 Technical Breakdown
Streamr ($DATA) broke out with serious volume, smashing past key moving averages — but the massive upper wick suggests this could’ve been a liquidity raid.
MA7: $0.0163 (now above price — bearish pressure)
MA25: $0.0141 (watch for retest)
MA99: $0.0134 (reclaimed but shaky footing)
---
🧠 Bulls vs. Bears
✅ Bullish View:
Strong breakout with high volume
Reclaiming $0.017 could spark continuation
❌ Bearish Concern:
Sharp upper wick = rejection
Momentum lost quickly = potential fakeout
---
🎯 Key Levels
🔺 Resistance:
• $0.0175 – reclaim = renewed bullish momentum
• $0.0200 – spike high, next bull target
🔻 Support:
• $0.0148 – wick base
• $0.0133 – 99MA zone
• $0.0125 – invalidation level (bulls out)
---
📌 Trade Strategy
🟢 Looking to enter? Wait for a clean retest or consolidation above $0.017
🔴 Already in long? Protect with tight stop below $0.0148
⚠️ Don’t chase wicks — let the setup confirm!
---
🚨 Summary:
$DATA pumped hard — but the rejection wick is a red flag. If bulls can’t quickly reclaim $0.017, expect pullback or chop. Watch MA25 and MA99 levels for clues.
📢 DYOR | Not financial advice | Trade safe!
#DATA #USDT #Binance #altcoins #CryptoAnalysis #Streamr #TechnicalAnalysis
