I’m not chasing this one; I’ll wait and watch in the short term. It’s nearly doubled in the past 24 hours, and the current price is about $0.00124, but the main pool liquidity is only around $260,000, while daily volume is close to $1.78 million. Once the hype cools, any pullback could be quick.
The last completed 1-hour candle fell from 0.001218 to 0.001171, with a low of 0.001161 and about $130,000 in volume. It failed to hold after the spike. Then the 11:15 15-minute candle recovered from 0.001099 to 0.001179, with about $57,000 in volume. The rebound is real, but it has not yet confirmed a new upward structure. In the past hour, there were 1,358 sell orders versus 1,134 buy orders; order count does not equal net outflow, but it does not support chasing the rally.
My conditions are clear: if the 15-minute chart closes above 0.00125 on strong volume, then I’ll wait for the 1-hour chart to close above that area before turning bullish. If the 1-hour chart breaks below 0.00116, then I’ll treat this rebound as a failure. #老子 #BSC #MemeCoin
The last completed 1-hour candle fell from 0.001218 to 0.001171, with a low of 0.001161 and about $130,000 in volume. It failed to hold after the spike. Then the 11:15 15-minute candle recovered from 0.001099 to 0.001179, with about $57,000 in volume. The rebound is real, but it has not yet confirmed a new upward structure. In the past hour, there were 1,358 sell orders versus 1,134 buy orders; order count does not equal net outflow, but it does not support chasing the rally.
My conditions are clear: if the 15-minute chart closes above 0.00125 on strong volume, then I’ll wait for the 1-hour chart to close above that area before turning bullish. If the 1-hour chart breaks below 0.00116, then I’ll treat this rebound as a failure. #老子 #BSC #MemeCoin