Price is bleeding hard after an abnormal spike & rejection. Lower highs + heavy sell volume = distribution in progress 📉 Bulls are exhausted… bears are in control.
⚠️ Abnormal Pump Alert ⚠️ $BROCCOLI714 has printed an unnatural +70% spike in a very short time with parabolic candles and volume burst — classic overextension / liquidity grab behavior.
📉 Why SHORT? • Sudden vertical move after long consolidation • Price far above key MAs (mean deviation) • Upper wick rejection near 0.0250 • Volume spike → possible distribution • Seed gainer pumps often retrace hard
Price just made a parabolic move from the 450s → 518 high and is now stalling near the top. Momentum is cooling, wicks forming, and price is overextended above short-term MAs. This looks like a local top / distribution zone on lower TFs.
📈 Market Context: ETH defended the 2912 demand zone strongly and printed a clean rebound. Price is now holding above short-term MAs (7 & 25) with improving volume — a classic higher-low formation. Buyers are stepping in, signaling a potential continuation move to the upside.