Gravity is showing textbook volatility after a 70% spike, leaving behind a brutal wick. The drop from $0.011 to $0.0065 wiped out late longs, and now we're seeing a relief bounce back to $0.008. The current price action is trying to establish a base, but the overhead supply is thick. This is a tricky spot to navigate without a clear retest.
EP
$0.00750 - $`0.00800
TP
$0.00890 $0.00980
`$0.01080
SL
$0.00640
Holding above $0.00750 is crucial for this bounce to continue. If price loses $`0.00640, the setup is dead and we're likely looking at a full retrace.
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