The ones chasing higher are already counting the number of limit-up boards. In $CROSS 24 hours it ran up 14%, but the trading volume was 25.32 million shares only to turn back into a turnover of 3.06 million—this volume-price relationship doesn’t seem quite right.
The top at 0.128 is exactly sitting at the 1:1 level from the previous low to the current price. With no breakout volume, it just touched this area—short-term it looks more like a catch-up rally than a true breakout. Below, 0.1115 is the intraday low; if it breaks below that level, today’s bullish candle is basically invalid. Above 0.128, there’s room to move toward 0.142.
Set a stop-loss at 0.1115 and first aim for 0.142. If you’re aggressive, 0.156 is also not impossible—but 3.06 million turnover can’t support consecutive high-volume moves. Don’t get greedy.
After this 4-hour candle closes, see whether it can hold above 0.128. If it can’t, treat it as a bull trap.
#CROSS
The top at 0.128 is exactly sitting at the 1:1 level from the previous low to the current price. With no breakout volume, it just touched this area—short-term it looks more like a catch-up rally than a true breakout. Below, 0.1115 is the intraday low; if it breaks below that level, today’s bullish candle is basically invalid. Above 0.128, there’s room to move toward 0.142.
Set a stop-loss at 0.1115 and first aim for 0.142. If you’re aggressive, 0.156 is also not impossible—but 3.06 million turnover can’t support consecutive high-volume moves. Don’t get greedy.
After this 4-hour candle closes, see whether it can hold above 0.128. If it can’t, treat it as a bull trap.
#CROSS