$HOLO /USDT – Sharp Bearish Breakdown After Failed Recovery

Technical Analysis (4H/1D Timeframe):

The price has just broken down sharply from a descending triangle/consolidation zone that had been forming since the initial pump to 0.1189. Yesterday’s strong green candle created false hope of a reversal, but today’s aggressive red candle has completely invalidated that move, breaking below the key support cluster at 0.0950–0.0960 with massive volume. The breakdown looks impulsive and confirms resumption of the broader downtrend.

Key observations:

- Breakdown below 0.0950 support (now resistance)

- High selling volume on the breakdown candle

- Price trading below all major EMAs

- RSI rolling over from 50, heading toward oversold

- Next major support sits around 0.065–0.070 zone (previous lows + 0.618 Fib)

Short-Term Outlook: Strongly Bearish – momentum is now with the sellers. Expect continuation lower unless price manages to reclaim 0.0950 quickly (very low probability right now).

Trade Setup (Short Bias):

Entry range: 0.0920 – 0.0940 (current price or minor pullback)

Target 1: 0.0850

Target 2: 0.0780

Target 3: 0.0700 – 0.0650 (major demand zone)

Stop Loss (SL): 0.0980 (above broken support + recent swing high)

Risk-Reward: 1:3+ easily achievable on T2/T3

Trade only with proper risk management – meme coins are extremely volatile. Current momentum favors bears heavily.