Hello Hegends, degens and road kill orphans. It's a-me Hegestronaut with another boring yet important chart analysis.

We will look into the three stages of the dip but first a little backround for context.

Hege ran from 7M to over 50 M in a very short time after an acumulation period of 8 months, why is this relevant? Because it shows consistency, growth and community.

We all knew 50 was a psychological barrier (similar to Bitcoins 100k) why? Because we humans tend to think like this, you ever recall not feeling right when the volume is not on an even number? That's why 🧠

Now for the chart, we can separate the dip on three different steps.

1- The consolidation: We saw earlier today that the price was ranging between the 0.045 and the 0.040. This showed great strength but also some relative need for correction.

2- The sell of the 97k (by a bot btw) began what I like to call it 'The stampede of the jeets' where they saw one bot wallet selling 97k and decided that this was the end, of course us loyal hegens didnt budge in fact, we saw it as an opportunity to slurp the dip and slurp it we did, this is why you can see the green set of candles before number 3.

3- The jeets who saw it dip thought that perhaps if they waited a little longer they could jeet out with 5$ more so they waited, this is when the price rose a bit and they finally sold their bags with huge losses (the classic jeet strat of buy high sell low).

Why is this important? Because our previous floor of 7m has now turned into 25m which means that our previous psichological target of 50 mill will be 250-500 mill in our next leg up, charts never lie and neither do jeets (theyre too dumb to lie, they just like losing money).

Anyway, hope you enjoyed the analysis and if you feel like I should explain further TA's leave an upvote or a comment, it would be greatly appreciated.

Till another time Hegerinos! 🦔❤️