It's feel something wrong with #ZEREBROUSDT . I meant, it’s screaming classic pump-and-dump.
I noticed the Bollinger Bands were tight for most of the period, then bam! A sudden spike pushed the price up through the upper band toward ~0.036—showing volatility exploded on the breakout, though I know those moves often retrace fast once the hype dies down.
I saw a massive red volume bar right at that parabolic candle’s peak, which I think is profit-taking or panic selling smashing the bids—when volume blows up like that, I figure it’s a short-term exhaustion point for me.
The MACD (blue) surged way above the signal line (orange), giving a fat green histogram, but I’m spotting the histogram shrinking now—early warning for a bearish crossover might be coming, confirming the upside momentum’s fading.
I’ve got resistance pegged at 0.034–0.036 where the spike topped out, with first support around the middle Bollinger band (~0.032), then the old congestion zone at ~0.030–0.031.
Next, I’m watching if the price holds or breaks the middle band at ~0.032—if the bands tighten again, I might see a secondary push up.
A clean MACD bearish crossover on this timeframe would tell me to expect a deeper pullback to 0.030 or lower. If selling volume dries up and I get a couple of small green candles on lower volume, I’ll take that as a sign the dump’s done and we’re back to ranging or a slow uptrend.
My take: I think this is short-term exhaustion after a quick pump. If I’m in a trade, I’ll tighten my stops or wait for a confirmed retest of support before adding—entering now feels risky, so I’ll be patient for consolidation around 0.032 (or lower support) with clear momentum signals for a better risk/reward setup.
