Do you think a volume expansion rally means it’s a real breakout? This set of 24-hour candles, $ATOM , just closed with volume surging and the trading value reaching $73.15 million, with 39.97 million coins traded. Volume/energy matched the price as it made a new high at 2.0—this is a typical volume-expansion upward structure.
But here’s the detail: from the low at 1.658 to 2.0, the gain was 19.87%. The trading volume was highest in the first hour, then decreased step by step afterward. After 1.9, the urge to chase momentum clearly dulled—bulls need to catch their breath after using their ammo to reach this level.
Key numbers, written clearly: set the stop-loss at 1.85 (a break below it is a signal that volume is stalling the rally). First, see whether it can hold above 2.05. If it holds, then aim for 2.18. 1.78 is the neckline of this current leg. If it breaks that level, the whole “volume and price rising together” script needs to be rewritten.
After the previous 4-hour candle closed, long vs. short positioning at this level still hasn’t determined the winner. What are the ones who dare to chase thinking about, and what are the ones who don’t dare to chase waiting for?
#ATOM
But here’s the detail: from the low at 1.658 to 2.0, the gain was 19.87%. The trading volume was highest in the first hour, then decreased step by step afterward. After 1.9, the urge to chase momentum clearly dulled—bulls need to catch their breath after using their ammo to reach this level.
Key numbers, written clearly: set the stop-loss at 1.85 (a break below it is a signal that volume is stalling the rally). First, see whether it can hold above 2.05. If it holds, then aim for 2.18. 1.78 is the neckline of this current leg. If it breaks that level, the whole “volume and price rising together” script needs to be rewritten.
After the previous 4-hour candle closed, long vs. short positioning at this level still hasn’t determined the winner. What are the ones who dare to chase thinking about, and what are the ones who don’t dare to chase waiting for?
#ATOM