Is this the ultimate trap or just a massive clearance sale?

$POWER ‌ just wiped out weeks of gains in a single candle. Dropping from that 2.57 peak all the way down to 0.16 is absolutely brutal to look at. This isn't just a dip, it's a total liquidation event.
Looking at the chart, we are basically back at the origin of the pump. There might be some minor support around this 0.15 area since that's where the initial breakout started, but catching this knife is risky business. The volume on that dump was huge, meaning a lot of people just got flushed out.
I’m waiting to see if it can even consolidate here. If it doesn't bounce soon, the next stop could be even uglier. Pure gambling until we see some green.

#BitcoinBouncesBack