$XPIN: The price is going up, but no one is actively chasing the price.
From 0.0011 to 0.0015, an increase of 22.5%.
But the active buy orders—i.e., the portion that truly chases and buys as the price moves—have a buy/sell ratio of only 0.89.
Not even 1.
Meaning: the price is rising, but no one is actively chasing it.
So who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders; buy orders haven’t increased, but the price is being passively pushed up.
This kind of rise won’t last.
Second:
There are large orders slowly propping up the price, waiting for retail buyers to chase in before distributing.
This kind of rise is more dangerous.
Right now I only care about one thing:
Whether the buy orders are truly keeping up.
If, after 0.0015 breaks, the active buy orders start increasing noticeably → the uptrend might be real.
If it surges near 0.0015 but buy orders still can’t come up → the risk of a fake breakout is very high.
As long as volume hasn’t caught up, I won’t chase.
Click the small card below to quickly check the market👇
From 0.0011 to 0.0015, an increase of 22.5%.
But the active buy orders—i.e., the portion that truly chases and buys as the price moves—have a buy/sell ratio of only 0.89.
Not even 1.
Meaning: the price is rising, but no one is actively chasing it.
So who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders; buy orders haven’t increased, but the price is being passively pushed up.
This kind of rise won’t last.
Second:
There are large orders slowly propping up the price, waiting for retail buyers to chase in before distributing.
This kind of rise is more dangerous.
Right now I only care about one thing:
Whether the buy orders are truly keeping up.
If, after 0.0015 breaks, the active buy orders start increasing noticeably → the uptrend might be real.
If it surges near 0.0015 but buy orders still can’t come up → the risk of a fake breakout is very high.
As long as volume hasn’t caught up, I won’t chase.
Click the small card below to quickly check the market👇