Everybody is panicking but they’re missing the bounce play.
$CHIP $CHIP ‌ just had a wild run to 0.14 and naturally got slammed back down. That’s a huge correction but look where it’s stalling. We are sitting right on some historical interest around 0.076.
The selling volume is finally starting to dry up after those massive red candles. If the buyers can hold this 0.065 to 0.07 area it might actually be a decent spot for a relief rally.
I wouldn’t go all in here because it’s still high risk but the chart is trying to find a floor. If it loses 0.06 then it’s probably a slow bleed back to the start.
Waiting for a bit more consolidation before I trust this move. Are you catching the knife or waiting for confirmation?

#rsETHAttackUpdate