๐ฅ ALPHA ALERT! Newly Launched Coin Just GOT WIPED โ Bounce Setup Brewing?
$Sight / USDT (Alpha Market) is currently trading around $0.0087, after a brutal -86% collapse straight from the highs ๐๐ฃ. Price nuked from the $0.078 launch peak down to $0.0069, then started base-building near the lows โ classic launch volatility + early shakeout behavior.
๐ง Why this is IMPORTANT (New Launch Dynamics):
โข Early buyers + insiders flushed โ
โข Weak hands completely wiped out ๐งน
โข Liquidity still alive (~$440K) ๐ง
โข 2,500+ on-chain holders already ๐ฅ
โข Market cap only $2.29M โ micro-cap territory โก
๐ Chart Insight (1H):
The massive red candle shows forced selling / panic exit, but price is now stalling near $0.007โ$0.009, printing small candles โ selling pressure is cooling. This zone often becomes a dead-cat bounce or full relief rally area in alpha launches ๐๐
๐น High-Risk / High-Reward Setup (ALPHA STYLE):
โข Speculative Entry Zone: $0.0075 โ $0.0090
โข Invalidation: Below $0.0065 โ
โข Bounce Targets:
โโ๐ฏ T1: $0.012
โโ๐ฏ T2: $0.020
โโ๐ฏ T3: $0.035 (if momentum returns)
โ ๏ธ Reality Check:
This is NOT a confirmed reversal yet. This is a newly launched alpha coin, meaning:
โ Extreme volatility
โ Fast pumps, faster dumps
โ Position sizing is KEY
๐ฅ Bottom Line:
If volume steps back in and $0.007 holds, $SIGHT could deliver a violent relief bounce. Missed entries early? This is where smart alpha hunters start watching closely ๐๏ธโก
๐ Alpha fam โ bounce play or dead coin?
Comment ๐ if youโre watching | โ ๏ธ if youโre staying cautious
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