Strong false breakout on Long Island Iced Tea/Long Blockchain

Long Island Iced Tea recently changed it's name to Long Blockchain and in the process caused a huge price spike. This move broke previous strong support level around 6 USD.

As price returned as sharply as it broke it has now retrace back below the 6 USD level. This could be a strong fake breakout reversion. Potentially this could go to 4 USD and beyond.