Before
$TAG ran more than 50% in a day and hit daily resistance around 0.0007500. On M5, price built a rising wedge right under that level. Bulls needed to clear and flip 0.0007500, otherwise a rejection could send price back toward the 0.0006509 demand zone.
After
Bulls failed to flip the 0.0007474 to 0.0007564 resistance. Price broke the lower wedge line on Oct 27 and dropped 10.77% in a single 5 minute candle at 05:15 UTC.
Result
- Move: -10.77% in one M5 candle
- Timeframe: M5, same session
Educational only, NFA.
