$1000CAT – Quiet Before the Break
Up 8% and volume is decent — 157M tokens traded. What catches my eye is how tight the range has gotten. Price has been compressing between $0.00168 and $0.00172 for the last few hours.
These tight consolidations after a move up usually mean one thing: a breakout is coming.
The $0.00172 level has been tested a few times now. Each time, sellers step in but they're not pushing it down much. Buyers are absorbing it. Feels like a matter of time before we see a push higher.
If we clear $0.00173 with conviction, $0.00185 is the next logical target. Beyond that, $0.00195–0.00200 comes into play.
Entry: $0.00165 – $0.00169
Targets: $0.00173 / $0.00185 / $0.00198
Stop: $0.00160
Risk is tight below that consolidation zone. Watching the 1H close here — if we get a strong candle above $0.00172, I think it runs.
