$CSOPSKHYNIX2L: What I fear most isn’t that it won’t go up—it’s this kind of rally without any buy orders.
From 3.7810 up to 4.8590, that’s a move of 23.0%.
But the proactive buy orders—meaning the portion that truly chases the price—have a buy/sell ratio of only 0.60.
Not even 1.
It means: the price is rising, but nobody is actively chasing it higher.
So who’s pushing the price?
There are two possibilities.
First:
Sellers are canceling orders; buy orders don’t increase, but the price is passively lifted upward.
This kind of rise can’t be sustained.
Second:
There’s a large order 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 watch one thing:
Whether the bid has truly caught up.
If after the break above 4.8790, proactive buy orders start increasing noticeably → the uptrend may be real.
If it spikes around 4.8790 but the bids still can’t come up → the risk of a false breakout is very high.
Until the volume follows through, I won’t chase.
Click the small card below to quickly check the market👇
From 3.7810 up to 4.8590, that’s a move of 23.0%.
But the proactive buy orders—meaning the portion that truly chases the price—have a buy/sell ratio of only 0.60.
Not even 1.
It means: the price is rising, but nobody is actively chasing it higher.
So who’s pushing the price?
There are two possibilities.
First:
Sellers are canceling orders; buy orders don’t increase, but the price is passively lifted upward.
This kind of rise can’t be sustained.
Second:
There’s a large order 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 watch one thing:
Whether the bid has truly caught up.
If after the break above 4.8790, proactive buy orders start increasing noticeably → the uptrend may be real.
If it spikes around 4.8790 but the bids still can’t come up → the risk of a false breakout is very high.
Until the volume follows through, I won’t chase.
Click the small card below to quickly check the market👇