$CBRS: Prices are going up, but no one is actively chasing the price.
From 222.8800 to 247.8100, a rise of 10.8%.
But the active buy orders—that portion that truly follows the price by buying—have a buy/sell ratio of only 0.82.
Not even 1.
So the meaning is: prices are rising, but nobody is actively chasing the price.
Then who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders. The buying interest doesn’t really increase, but the price drifts upward passively.
This kind of rise won’t last.
Second:
Large orders are slowly propping up the price, waiting for retail traders to chase in before unloading.
This kind of rise is even more dangerous.
Right now I only look at one thing:
Whether the bid side has truly caught up.
If after a break above 256.1500, the active buy orders begin to increase noticeably → the uptrend may be real.
If it rallies up near 256.1500 and the bids still can’t come up → the risk of a fake breakout is very high.
I won’t chase until the volume catches up.
Click the small card below to quickly check the行情👇
From 222.8800 to 247.8100, a rise of 10.8%.
But the active buy orders—that portion that truly follows the price by buying—have a buy/sell ratio of only 0.82.
Not even 1.
So the meaning is: prices are rising, but nobody is actively chasing the price.
Then who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders. The buying interest doesn’t really increase, but the price drifts upward passively.
This kind of rise won’t last.
Second:
Large orders are slowly propping up the price, waiting for retail traders to chase in before unloading.
This kind of rise is even more dangerous.
Right now I only look at one thing:
Whether the bid side has truly caught up.
If after a break above 256.1500, the active buy orders begin to increase noticeably → the uptrend may be real.
If it rallies up near 256.1500 and the bids still can’t come up → the risk of a fake breakout is very high.
I won’t chase until the volume catches up.
Click the small card below to quickly check the行情👇