The long liquidation around $0.04917 on $BANK looks like a classic leverage flush that forced weak long positions out of the market. I'm not interested in buying the first reaction because these sharp moves often remain volatile for a while. I'll be watching to see if buyers can defend this support area and bring volume back into the chart. If price starts forming higher lows, the chances of a recovery improve. If support breaks, I'll stay patient and wait for a cleaner setup instead of forcing a trade.
EP: $0.0489–$0.0493
TP: $0.0512 | $0.0535 | $0.0560
SL: $0.0475
