$DOS: Prices are going up, but no one is actively chasing the bid.
From 0.2258 to 0.2580, the move is 13.8%.
But the aggressive buy orders—those that are truly chasing the price—have a buy/sell ratio of only 0.86.
Not even 1.
So it means: the price is rising, but no one is actively chasing it.
Then who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders; the bid hasn’t increased, but the price is rising passively.
This kind of rise can’t hold.
Second:
Large orders are slowly propping up the price, waiting to sell after retail traders chase in.
This kind of rise is even more dangerous.
Right now, I’m only watching one thing:
Whether the bid truly catches up.
If, after a break above 0.2757, the aggressive bids start increasing noticeably → the uptrend may be real.
If it spikes to around 0.2757 but the bids still can’t come up → the risk of a fake breakout is very high.
Until volume follows through, I won’t chase.
Click the small card below to quickly check the market👇
From 0.2258 to 0.2580, the move is 13.8%.
But the aggressive buy orders—those that are truly chasing the price—have a buy/sell ratio of only 0.86.
Not even 1.
So it means: the price is rising, but no one is actively chasing it.
Then who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders; the bid hasn’t increased, but the price is rising passively.
This kind of rise can’t hold.
Second:
Large orders are slowly propping up the price, waiting to sell after retail traders chase in.
This kind of rise is even more dangerous.
Right now, I’m only watching one thing:
Whether the bid truly catches up.
If, after a break above 0.2757, the aggressive bids start increasing noticeably → the uptrend may be real.
If it spikes to around 0.2757 but the bids still can’t come up → the risk of a fake breakout is very high.
Until volume follows through, I won’t chase.
Click the small card below to quickly check the market👇