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Wait, did you see that bounce?
$DRIFT is trying to pull a fast one here. After that absolute waterfall dropped from the 0.09 area, it finally found some floors around 0.025. It’s a massive relief rally but don't get too excited just yet.
The price action is currently scraping against a minor resistance zone near 0.036. Volume is okay but not exactly screaming "moon mission." We’re basically seeing a classic dead cat bounce attempt after being oversold for weeks.
If it can close a daily candle above 0.037, we might see a run toward the 0.05 level. But if it loses this tiny bit of momentum, expect a retest of those lows. I’ve been watching the 1D candle closely before even thinking about it for a long time.
Be careful with this one, the trend is still technically down.
What's your move here? Holding or folding?
#GateSquareAprilPostingChallenge