Not every opportunity appears during a green candle. Sometimes the most interesting setups begin when fear enters the market, sellers become aggressive, and everyone starts questioning the next direction.
RITUAL is currently trading around $0.02357, showing a 14.29% decline over the last 24 hours.
This is a significant move, and I'm not ignoring the selling pressure. However, I'm watching closely for signs that sellers are becoming exhausted and buyers are preparing to defend important price levels.
The next confirmation I want is a volume shift. If selling volume starts declining while buying activity increases, a recovery setup could begin developing.
I'll also be watching market dominance and large-wallet transactions for signs of capital rotation.
EP: $0.02333 – $0.02381
TP1: $0.02546
TP2: $0.02711
SL: $0.02192
Support watch zone: $0.02239 – $0.02286.
A confirmed recovery could create an interesting opportunity, but if support breaks with strong selling volume, I would rather stay patient.
Fear creates noise. Discipline creates better decisions.
I'm ready for the move — RITUAL is on my watchlist!
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