I’m looking at $COLLECT at $0.0904, and this one is interesting. I have studied its recent pump and the reaction afterward. They are clearly taking profits after a strong upside move. My analysis shows price reacting from EMA zones, which usually acts like gravity in short timeframes.
This is the condition where many traders get trapped chasing green candles. What’s happening now is healthy but dangerous if you enter blindly. If you want a clean trade, you must respect the EMA structure and support below. My search tells me patience here pays better than chasing.
EP: $0.0905
TP1: $0.0878
TP2: $0.0852
SL: $0.0948
I’m not against $COLLECT long term, but right now this is a technical correction phase. Let the chart confirm before getting emotional.
