📡 $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!

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📊 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)

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🧠 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

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🎯 Key Levels

đŸ”ș Resistance:

‱ $0.0175 – reclaim = renewed bullish momentum

‱ $0.0200 – spike high, next bull target

đŸ”» Support:

‱ $0.0148 – wick base

‱ $0.0133 – 99MA zone

‱ $0.0125 – invalidation level (bulls out)

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📌 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!

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🚹 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!

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