When you first open the ranking list, seeing $NAORIS rise 23.58%, do you instinctively think, "Is this another pump-and-dump script"?
But the data is a bit off: trading volume is 8.18 million, volume is 275M, and the price was pushed from 0.02408 to 0.03092 in one go, up nearly 30%. During the consolidation process, there was surprisingly no obvious volume spike or pullback.
The bulls' logic is simple — they accumulated enough at low levels and then pushed it straight up,不给 the chance below 0.0278; the bears still suspect it's an诱多 move and don't dare chase. The resistance level to watch is the previous high at 0.03328; only after breaking it can it be considered a real breakout. Once volume shrinks, 0.0278 becomes the bulls' Achilles' heel, and if it breaks, don't hold on.
After a 23% rise, those still daring to hold are either optimistic about further upside or haven't had time to exit yet. Which do you think it is?
#NAORIS
But the data is a bit off: trading volume is 8.18 million, volume is 275M, and the price was pushed from 0.02408 to 0.03092 in one go, up nearly 30%. During the consolidation process, there was surprisingly no obvious volume spike or pullback.
The bulls' logic is simple — they accumulated enough at low levels and then pushed it straight up,不给 the chance below 0.0278; the bears still suspect it's an诱多 move and don't dare chase. The resistance level to watch is the previous high at 0.03328; only after breaking it can it be considered a real breakout. Once volume shrinks, 0.0278 becomes the bulls' Achilles' heel, and if it breaks, don't hold on.
After a 23% rise, those still daring to hold are either optimistic about further upside or haven't had time to exit yet. Which do you think it is?
#NAORIS