GLMR spot market end, the first thing that catches your eye is how easily it gets dragged down by the drawdown: first look at whether there’s a rebound with volume—don’t rush to guess the bottom. The previous full 5m candle was -5.95%; current price is 0.005844; 24h volume is 223,900; VWAP is 0.006143. It’s below VWAP, with volume at 40.5x.
If it retraces, can it regain and stand back above VWAP 0.006143? After the volume amplifies to 40.5x, will it immediately snap back; do you think this is panic liquidation, or will it continue breaking down?
#GLMR #abnormal movement alert
If it retraces, can it regain and stand back above VWAP 0.006143? After the volume amplifies to 40.5x, will it immediately snap back; do you think this is panic liquidation, or will it continue breaking down?
#GLMR #abnormal movement alert