This candlestick saw strong volume expansion and a rise, but it didn’t close strong; $GENIUS .4444 back down to the low at 0.2946, with amplitude over 50%, suggests that the chase-buyers’ shares were being cashed out aggressively at the high level. 54.93 million in volume with 216 million in trading value, the average price spread around 0.39—this is where large funds’ churn-intensive zone shows up.
At this point, you can’t keep chasing. The current price is 0.4053, which has already returned to the middle of the amplitude range. If 0.3800 can’t be held, then directly look at the 0.3540 gap. Break upward and you’ll target 0.4200; only after it holds can there be a chance to test the prior high at 0.4444. A stop-loss at 0.027 can’t be placed—place the stop-loss below 0.3540. If it breaks, this leg of the breakout/startup trend is over. For a short-term move, first bet on 0.4200; if that holds, then look at 0.4444. If you lose 0.05, it’s exchanging about 0.014 for the upside space to 0.039—use your own judgment.
Only when the volume picks up can it close above 0.3800 to count as truly holding. In the comments, state your view—was it a real breakout or high-level distribution? Different opinions, then rush in.
#GENIUS
At this point, you can’t keep chasing. The current price is 0.4053, which has already returned to the middle of the amplitude range. If 0.3800 can’t be held, then directly look at the 0.3540 gap. Break upward and you’ll target 0.4200; only after it holds can there be a chance to test the prior high at 0.4444. A stop-loss at 0.027 can’t be placed—place the stop-loss below 0.3540. If it breaks, this leg of the breakout/startup trend is over. For a short-term move, first bet on 0.4200; if that holds, then look at 0.4444. If you lose 0.05, it’s exchanging about 0.014 for the upside space to 0.039—use your own judgment.
Only when the volume picks up can it close above 0.3800 to count as truly holding. In the comments, state your view—was it a real breakout or high-level distribution? Different opinions, then rush in.
#GENIUS