$COIN Tonight this bullish candle is a bit interesting: 179.43. Volume is 8.1M—not huge, but the structure is very clean.
I’ve said this so many times: don’t look at the price—watch the divergence between the current price and the traded volume. $COIN has moved up from 176.25; on the intraday chart, the buy-order density is clearly higher than the average over the past week, yet the thickness of the sell-side orders is actually thinning. People who understand know what this means—shorts are withdrawing, not being run over; they’re leaving on their own.
For stocks on crypto exchanges, they never look at the market’s mood. They look at on-chain active addresses and the net inflow of spot ETFs. Both of these indicators have been trending upward over the last three days, yet the options market for $COIN hasn’t caught on yet—implied volatility is still staying low. This kind of mismatch won’t last too long.
If 179 holds, the next level down is 183. Don’t wait for volume to surge before chasing it—by then, the profit potential will already be cut in half.
#Coinbase
I’ve said this so many times: don’t look at the price—watch the divergence between the current price and the traded volume. $COIN has moved up from 176.25; on the intraday chart, the buy-order density is clearly higher than the average over the past week, yet the thickness of the sell-side orders is actually thinning. People who understand know what this means—shorts are withdrawing, not being run over; they’re leaving on their own.
For stocks on crypto exchanges, they never look at the market’s mood. They look at on-chain active addresses and the net inflow of spot ETFs. Both of these indicators have been trending upward over the last three days, yet the options market for $COIN hasn’t caught on yet—implied volatility is still staying low. This kind of mismatch won’t last too long.
If 179 holds, the next level down is 183. Don’t wait for volume to surge before chasing it—by then, the profit potential will already be cut in half.
#Coinbase