Buying this green candle is how you become exit liquidity.
$S just ran from 0.036 to 0.066 in a few hours. Up 40% in 24 hours. Volume is $153M.
The chart is stretched. RSI is screaming above 95. That's not a healthy uptrend. That's a chase.
I've aped into moves like this before and held the bag at the top. Not doing it again.
I'm not buying this vertical candle. I'm waiting for the pullback to 0.055 or even 0.050 to see if buyers actually defend it.
If $S holds above 0.055 on a retest, there's another leg. If it loses it, the flush starts.
$S is not a buy here. It's a wait.
Are you fading this or waiting for the flush?
$S just ran from 0.036 to 0.066 in a few hours. Up 40% in 24 hours. Volume is $153M.
The chart is stretched. RSI is screaming above 95. That's not a healthy uptrend. That's a chase.
I've aped into moves like this before and held the bag at the top. Not doing it again.
I'm not buying this vertical candle. I'm waiting for the pullback to 0.055 or even 0.050 to see if buyers actually defend it.
If $S holds above 0.055 on a retest, there's another leg. If it loses it, the flush starts.
$S is not a buy here. It's a wait.
Are you fading this or waiting for the flush?