MBL is up 34% in this move. I took a look at the trading volume, and it’s only a little over 3.9 million U. A move this big on such low volume shows that the order book is thin and there isn’t much overhead selling pressure—just a bit of capital can push the price up.
But that’s exactly why I’m even more hesitant to chase it. Small amounts of capital can push it up, but they can just as easily knock it down. Liquidity is so poor that a large order could send the price crashing. If you’re genuinely interested, wait for a pullback on lower volume before taking another look. Don’t buy into this big green candle at the top.
Just sticking to the data—no getting jealous of this kind of rally. $MBL
#行情异动 #币圈观察 #MBL
But that’s exactly why I’m even more hesitant to chase it. Small amounts of capital can push it up, but they can just as easily knock it down. Liquidity is so poor that a large order could send the price crashing. If you’re genuinely interested, wait for a pullback on lower volume before taking another look. Don’t buy into this big green candle at the top.
Just sticking to the data—no getting jealous of this kind of rally. $MBL
#行情异动 #币圈观察 #MBL