On the daily chart, the pullback after 0.2675 is painfully obvious. Today’s MARSCOIN move has more information than simply asking “how much it’s up.”
The spot page shows: +17.07% over 24 hours, intraday high at 0.1295, and roughly 35.33 million USDT in trading volume. The most striking thing in the candlesticks isn’t the rebound—it’s the continuous selloff right after the spike. In the short term, sentiment is still flipping violently with heavy turnover.
I’ll watch whether the subsequent trading volume can shrink, rather than only watching green/red candles. Long wicks on “seed tag” coins usually indicate a very large divergence of opinions.
Big volatility, chasing highs followed by drawdowns, changes in liquidity, and the risk of message reversals are all there. The current audit rates it as low risk, and a buy/sell tax of about 3% or so doesn’t equal safety.
When you see wicks like this, do you look at volume first, or do you look at how well it’s being absorbed first?
$MARSCOIN #BinanceSpot #MEME
The spot page shows: +17.07% over 24 hours, intraday high at 0.1295, and roughly 35.33 million USDT in trading volume. The most striking thing in the candlesticks isn’t the rebound—it’s the continuous selloff right after the spike. In the short term, sentiment is still flipping violently with heavy turnover.
I’ll watch whether the subsequent trading volume can shrink, rather than only watching green/red candles. Long wicks on “seed tag” coins usually indicate a very large divergence of opinions.
Big volatility, chasing highs followed by drawdowns, changes in liquidity, and the risk of message reversals are all there. The current audit rates it as low risk, and a buy/sell tax of about 3% or so doesn’t equal safety.
When you see wicks like this, do you look at volume first, or do you look at how well it’s being absorbed first?
$MARSCOIN #BinanceSpot #MEME
