On the four-hour chart, one candle directly breaks through the previous high—this move represented by “$CROSS ” is not something ground out slowly. In the past 24 hours, it’s up 39%; after the high touched 0.18999, it was driven back. Now it’s hovering at the neckline around 0.17877.
Trading volume surged to $37.15 million—this isn’t small for this coin, but it’s still a bit lacking compared with the volume above.
The key is how today’s candle closes. If it holds above 0.175 and moves upward, the next target we’re looking to trade is in the 0.195–0.205 area. Only when volume picks up and it holds above 0.21 can it be considered a real breakout. If it can’t hold, then 0.162 is the first pullback level from this leg of the move; if that breaks, then you’d look back toward 0.143.
Place the stop-loss below 0.12821—that is, the low of this round’s initial breakout. If price falls back there, it means this bullish candle was just a lift and nothing more.
#CROSS
Trading volume surged to $37.15 million—this isn’t small for this coin, but it’s still a bit lacking compared with the volume above.
The key is how today’s candle closes. If it holds above 0.175 and moves upward, the next target we’re looking to trade is in the 0.195–0.205 area. Only when volume picks up and it holds above 0.21 can it be considered a real breakout. If it can’t hold, then 0.162 is the first pullback level from this leg of the move; if that breaks, then you’d look back toward 0.143.
Place the stop-loss below 0.12821—that is, the low of this round’s initial breakout. If price falls back there, it means this bullish candle was just a lift and nothing more.
#CROSS