NOT Local trend. Sideways -98%. Reversal zones 27 01 26Logarithm. 3-day time frame.
The price in the main trend is still in a downward channel with a given volatility range.
Medium-term - locally , another sideways trend has formed (the third in a downward channel), but the decline is already -98% (not counting the futures long, which was previously down by -99%). Typically, such low-liquidity hype scams decline by -94-98% (with rare exceptions of -99% or a complete scam project, based on some fiction).
It's important to understand that the creators of such cryptocurrencies always sell at any price (they're created for profit, under the hype). But at low price levels (-94-99%), a dilemma arises:
1️⃣ invent a reason for a scam and abandon the project;
2️⃣ or reverse the trend and temporarily restore faith in the scam cryptocurrency. This will, in turn, continue selling.
You can exploit this and profit from it. But, in the long term, it's best to be cautious with such assets. This applies to absolutely all cryptocurrencies created for hype and with no real future use. When trading such dying former super-hypes, manage your risks. This is the foundation. If you can't manage it, avoid it.
