$ASTER, the screen lit up for a moment, and I thought I was seeing things.
Current price around 0.793
Rebounded about 8.5% in 24h, but volume is relatively weak, so it’s not exactly a solid push upward
Analysis: This candle was pushed up pretty hard, but volume didn’t follow, so it feels a bit flimsy. The move on the chart was fast, like it surged up in one breath; whether it can hold from here is the key. Just five minutes ago it got dumped hard again, something like -8.41%, which shows sentiment is still heated and both bulls and bears are eager to make a move. In this kind of market, chasing the top can easily leave you stranded; if it pulls back, see whether support around 0.76 can hold. Anyway, I’m watching the intraday action and not rushing to take a stance. Damn, that wick stab was really clean.
Did you catch the falling knife?
Current price around 0.793
Rebounded about 8.5% in 24h, but volume is relatively weak, so it’s not exactly a solid push upward
Analysis: This candle was pushed up pretty hard, but volume didn’t follow, so it feels a bit flimsy. The move on the chart was fast, like it surged up in one breath; whether it can hold from here is the key. Just five minutes ago it got dumped hard again, something like -8.41%, which shows sentiment is still heated and both bulls and bears are eager to make a move. In this kind of market, chasing the top can easily leave you stranded; if it pulls back, see whether support around 0.76 can hold. Anyway, I’m watching the intraday action and not rushing to take a stance. Damn, that wick stab was really clean.
Did you catch the falling knife?
