$VANRY The breakout itself was incredibly strong because it managed to break out of a long, boring accumulation phase and slice right through the EMA(99). As we speak, the price is holding just above the 7-period EMA at 0.004372. If the buyers can manage to defend this level on the current 4-hour close, we might see it stabilize. But if it breaks, the next realistic area where buyers might step back in is around the 25-period EMA at 0.003658.

​A closer look at the RSI
What’s interesting here is the 6-period RSI. Even with that massive vertical spike, it is only sitting at 60.56 right now. It peaked much higher during the actual push but has cooled down significantly with this pullback. This tells us the market isn't completely overheated anymore, but it also shows that the immediate buying momentum has paused to take a breath.

How to play this
Fomoing into a chart that looks like a roller coaster right after a huge red rejection candle usually doesn't end well. Instead of chasing it here, the smart move is probably just to sit on your hands for a few hours. Let's see if the 0.0043 level actually holds as support, or if we get a deeper pullback to retest the previous breakout zones.

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