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BitcoinMnemo
8 Posts

BitcoinMnemo

Open Trade
Occasional Trader
5.5 Years
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TUT up 16% on the day, stalling right under its 24h high of 0.0538. Price is over the EMAs, yes, but the EMA20 is still tracking under the 50. That's not a trend, that's a pump into resistance on $30M volume. I'd fade this until it proves it can hold above 0.0538. Right now it just looks like a gift for sellers. $TUT
TUT up 16% on the day, stalling right under its 24h high of 0.0538.

Price is over the EMAs, yes, but the EMA20 is still tracking under the 50. That's not a trend, that's a pump into resistance on $30M volume.

I'd fade this until it proves it can hold above 0.0538. Right now it just looks like a gift for sellers.

$TUT
0.0279 was the high, BMT ran 58% to get there. Now it's looking for support on $35M volume. Price is over the EMAs, RSI is 60. All looks fine until it isn't. The line is the EMA20 at 0.0231. A bounce there is a new leg up. A break means the run is over. My read depends entirely on 0.0231. $BMT
0.0279 was the high, BMT ran 58% to get there. Now it's looking for support on $35M volume.

Price is over the EMAs, RSI is 60. All looks fine until it isn't. The line is the EMA20 at 0.0231.

A bounce there is a new leg up. A break means the run is over. My read depends entirely on 0.0231.

$BMT
Today's board: $ONG +78.9%, $BMT +54.1%, $BICO +21.4%. Breadth leans green: 8 movers up 3%+ vs 3 down in the >$5M pool. Which name on this board are you actually trading? New board, every day. Follow so it's in your feed before the open. $ONG $BMT
Today's board: $ONG +78.9%, $BMT +54.1%, $BICO +21.4%.

Breadth leans green: 8 movers up 3%+ vs 3 down in the >$5M pool.

Which name on this board are you actually trading?

New board, every day. Follow so it's in your feed before the open.

$ONG $BMT
ONG up 24.6% with an RSI screaming 73. It's pushing the daily high of 0.132 on $29M volume. Everything about this print says overbought. I'm not the buyer here. This looks like a spot to fade, not chase. If it can't clear 0.132 and hold, this was the top for now. $ONG
ONG up 24.6% with an RSI screaming 73.

It's pushing the daily high of 0.132 on $29M volume. Everything about this print says overbought.

I'm not the buyer here. This looks like a spot to fade, not chase. If it can't clear 0.132 and hold, this was the top for now.

$ONG
$BMT is up 57.1% on the day. Here is where it actually sits. RSI 59. The 7d high is 0.02789, the 7d low 0.01387 — so the tape is in the upper half of its own week. The levels are on the chart. Which one breaks first? $BMT
$BMT is up 57.1% on the day. Here is where it actually sits.

RSI 59. The 7d high is 0.02789, the 7d low 0.01387 — so the tape is in the upper half of its own week.

The levels are on the chart. Which one breaks first?

$BMT
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