I can't tell if $VIC is actually waking up or if this is just another trap.
The chart has been a straight waterfall since January, dropping from 0.10 all the way down to the 0.04 range. We just saw a massive green candle spike today, but it already got sold back down halfway. That 0.042 area seems to be the floor for now. Volume spiked to 142M which is the most action this pair has seen in weeks, but the long wick on top of that candle tells me sellers are still sitting at 0.065 ready to dump. If it can hold above 0.047, we might see a slow grind back up, but I’m staying cautious until it consolidates. I've seen too many "recoveries" on this one turn into more downside.
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I can't tell if $VIC is actually waking up or if this is just another trap.
The chart has been a straight waterfall since January, dropping from 0.10 all the way down to the 0.04 range. We just saw a massive green candle spike today, but it already got sold back down halfway.
That 0.042 area seems to be the floor for now. Volume spiked to 142M which is the most action this pair has seen in weeks, but the long wick on top of that candle tells me sellers are still sitting at 0.065 ready to dump.
If it can hold above 0.047, we might see a slow grind back up, but I’m staying cautious until it consolidates. I've seen too many "recoveries" on this one turn into more downside.
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