POPCAT is currently consolidating in an unusually tight daily range, with candles compressing into a low-volatility coil. When structure becomes this tight, it often signals that market makers are engineering stop hunts—setting the stage for a larger move.
Thesis:
The current range is likely to break with a local liquidity sweep to the downside, followed by a bullish continuation in alignment with:
The macro HTF trend, which remains bullish
Ongoing Bitcoin dominance, which has a strong influence on meme-cap altcoins like POPCAT
This play anticipates the stop-loss liquidity below the range to be grabbed, triggering momentum to the upside once weak hands are flushed.
Setup Summary:
Price compression = manipulation phase
Looking for a sweep of recent lows (range bottom)
Entry after confirmation of trap / bullish reclaim
Target: $0.64+ range highs
Invalidation: Break and acceptance below the red zone
Key Point:
Tight ranges = traps being set. Be patient, let the sweep happen, and position with trend.
Thesis:
The current range is likely to break with a local liquidity sweep to the downside, followed by a bullish continuation in alignment with:
The macro HTF trend, which remains bullish
Ongoing Bitcoin dominance, which has a strong influence on meme-cap altcoins like POPCAT
This play anticipates the stop-loss liquidity below the range to be grabbed, triggering momentum to the upside once weak hands are flushed.
Setup Summary:
Price compression = manipulation phase
Looking for a sweep of recent lows (range bottom)
Entry after confirmation of trap / bullish reclaim
Target: $0.64+ range highs
Invalidation: Break and acceptance below the red zone
Key Point:
Tight ranges = traps being set. Be patient, let the sweep happen, and position with trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.