$LOB.US STER / USDT is showing a high-volatility bullish structure, but this is exactly the type of chart where traders should avoid chasing a green candle and instead wait for confirmation.
On the 1D chart, price is around $0.025326, after a strong expansion from the lower accumulation area. The chart shows a major move from roughly $0.014–$0.020 toward the recent high around $0.03414, followed by a sharp rejection. This tells us that buyers have clearly stepped in, but sellers are also aggressively defending the upper zone.
The most important thing here is the moving-average structure. MA(7) ≈ $0.02359, MA(25) ≈ $0.01931, and MA(99) ≈ $0.01233. Price is currently above all three averages, which keeps the higher-timeframe structure bullish. The MA7 is also above MA25, while MA25 remains comfortably above MA99. This is a healthy trend configuration as long as price continues to respect the nearby support zones.
The recent candles are extremely important. We can see a huge volatility expansion, including a deep downside wick toward approximately $0.0144, followed by a powerful recovery. That kind of wick can represent liquidity sweeping, panic selling, and aggressive buying at lower levels. However, the subsequent rejection near $0.03414 means the market has not yet proven that it can sustain prices above the previous high.
#SouthKoreaTopCourtProposesCryptoFreeze
#BlackRockCanadaLaunchesBitcoinLinkedETF
#BarrickMiningFalls8%
On the 1D chart, price is around $0.025326, after a strong expansion from the lower accumulation area. The chart shows a major move from roughly $0.014–$0.020 toward the recent high around $0.03414, followed by a sharp rejection. This tells us that buyers have clearly stepped in, but sellers are also aggressively defending the upper zone.
The most important thing here is the moving-average structure. MA(7) ≈ $0.02359, MA(25) ≈ $0.01931, and MA(99) ≈ $0.01233. Price is currently above all three averages, which keeps the higher-timeframe structure bullish. The MA7 is also above MA25, while MA25 remains comfortably above MA99. This is a healthy trend configuration as long as price continues to respect the nearby support zones.
The recent candles are extremely important. We can see a huge volatility expansion, including a deep downside wick toward approximately $0.0144, followed by a powerful recovery. That kind of wick can represent liquidity sweeping, panic selling, and aggressive buying at lower levels. However, the subsequent rejection near $0.03414 means the market has not yet proven that it can sustain prices above the previous high.
#SouthKoreaTopCourtProposesCryptoFreeze
#BlackRockCanadaLaunchesBitcoinLinkedETF
#BarrickMiningFalls8%