Seeing another “star” that doubled overnight.
$SKR 24 hours +109%, trading volume $330 million, highest 0.0243, lowest 0.010383. It pulled up from the lows by more than two times—so what happens next? I’ve seen this kind of market move way too many times; the story is usually pretty much the same.
The key isn’t whether it can go up, but when you get out. At this price level, anyone who chases in is either a gambler or a bag-holder. If it can’t hold around 0.0228, it wouldn’t be surprising to see a pullback to 0.018 or even 0.015. The volume is indeed sitting there, but higher trading volume at higher levels often means there’s greater disagreement.
Don’t tell me about fundamentals. These days there are plenty of coins that can tell stories. What really makes me hesitate is this: if this rally is driven by money, why would the main force let you get on board at around 0.0228?
Anyway, I’ll watch the show. Either wait for it to break above 0.0243 before talking, or wait until the volume fades out. With this current candlestick chart, saying anything now is just tears.
$SKR 24 hours +109%, trading volume $330 million, highest 0.0243, lowest 0.010383. It pulled up from the lows by more than two times—so what happens next? I’ve seen this kind of market move way too many times; the story is usually pretty much the same.
The key isn’t whether it can go up, but when you get out. At this price level, anyone who chases in is either a gambler or a bag-holder. If it can’t hold around 0.0228, it wouldn’t be surprising to see a pullback to 0.018 or even 0.015. The volume is indeed sitting there, but higher trading volume at higher levels often means there’s greater disagreement.
Don’t tell me about fundamentals. These days there are plenty of coins that can tell stories. What really makes me hesitate is this: if this rally is driven by money, why would the main force let you get on board at around 0.0228?
Anyway, I’ll watch the show. Either wait for it to break above 0.0243 before talking, or wait until the volume fades out. With this current candlestick chart, saying anything now is just tears.