PHAROS contract side, put the data here first: you need to look at both the drop magnitude and the trading volume to know whether it’s panic selling. The previous complete 5m candle was -5.84%; the current price is 0.4287. 24h trading value is 27.1429 million, VWAP is 0.448396—price is below it, and volume is 5.1x.
You can’t catch the rebound—weakness will likely continue. If you can catch it, then there’s repair value.
#PHAROS #anomaly alert
You can’t catch the rebound—weakness will likely continue. If you can catch it, then there’s repair value.
#PHAROS #anomaly alert