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Is $ROBO actually dying or is this just a massive trap for early sellers?
I've been watching this bleed out since that $0.0436 peak and it's been pretty painful to see. But look closely at the bottom. We hit $0.0160 and since then we've been putting in these slow, grinding higher lows.
Today is a bit of a reality check with that 11% drop down to $0.0213. It looks ugly, but if you check the structure, we are just retesting the breakout point of that small local base.
The volume is still high at 338M so there’s definitely interest here. I’m waiting to see if we hold this $0.0210 area as support.
If this level fails, we might see a quick wick back to $0.0180 before any real move. But if the bids hold, this is just a healthy breather before trying to reclaim the $0.0260 zone. Staying patient on this one.
#rsETHAttackUpdate