$TUT: It’s rising in a rather strange way—I need to understand before I say anything.
From 0.0333 to 0.0463, the increase is 36.1%.
But the active buy orders—meaning the part that’s truly chasing and buying the price—have a buy/sell ratio of only 0.80.
It’s not even 1.
So: the price is going up, but no one is actively chasing it.
Then who is pushing the price?
There are two possibilities.
First:
The seller is pulling orders. The buy-side doesn’t really increase, but the price rises passively.
This kind of rise won’t last.
Second:
There are big orders gradually propping up the price, waiting for retail investors to chase in before distributing.
This kind of rise is even more dangerous.
Right now I’m only watching one thing:
Whether the bid side has truly followed through.
If, after a break above 0.0547, active buy orders start increasing noticeably → the uptrend may be real.
If it rises to around 0.0547 but the bids still can’t catch up → the risk of a false breakout is very high.
I won’t chase until the volume confirms.
Click the small card below to quickly check the market situation👇
From 0.0333 to 0.0463, the increase is 36.1%.
But the active buy orders—meaning the part that’s truly chasing and buying the price—have a buy/sell ratio of only 0.80.
It’s not even 1.
So: the price is going up, but no one is actively chasing it.
Then who is pushing the price?
There are two possibilities.
First:
The seller is pulling orders. The buy-side doesn’t really increase, but the price rises passively.
This kind of rise won’t last.
Second:
There are big orders gradually propping up the price, waiting for retail investors to chase in before distributing.
This kind of rise is even more dangerous.
Right now I’m only watching one thing:
Whether the bid side has truly followed through.
If, after a break above 0.0547, active buy orders start increasing noticeably → the uptrend may be real.
If it rises to around 0.0547 but the bids still can’t catch up → the risk of a false breakout is very high.
I won’t chase until the volume confirms.
Click the small card below to quickly check the market situation👇