This line hasn’t finished yet.
$DRIFT 24 hours saw a 32% rise, but the trading value was 98.12 million and the volume 710 million—volume has caught up, but in the move from 0.01172 to 0.01555, there wasn’t a single decent pullback. The 4-hour chart just swallowed the previous high in one go.
Now the price is hovering just below the intraday high at 0.01564, with less than one point in between—neither the bulls nor the bears have an advantage in positioning here. If, on the next trading day, it fails to break through 0.0156 on shrinking volume, then this 32% is purely a push with no follow-through. If it breaks out and holds on volume, the next target is directly above 0.018.
Set the stop-loss below 0.0138, which is the neckline of this breakout. First look at 0.018, then try for 0.021.
After $DRIFT ran out a 32%, whether the price action can “hold the volume” will be clear on the next trading day. The pinned post on the homepage is still following this line; future actions will be posted there directly.
#DRIFT
$DRIFT 24 hours saw a 32% rise, but the trading value was 98.12 million and the volume 710 million—volume has caught up, but in the move from 0.01172 to 0.01555, there wasn’t a single decent pullback. The 4-hour chart just swallowed the previous high in one go.
Now the price is hovering just below the intraday high at 0.01564, with less than one point in between—neither the bulls nor the bears have an advantage in positioning here. If, on the next trading day, it fails to break through 0.0156 on shrinking volume, then this 32% is purely a push with no follow-through. If it breaks out and holds on volume, the next target is directly above 0.018.
Set the stop-loss below 0.0138, which is the neckline of this breakout. First look at 0.018, then try for 0.021.
After $DRIFT ran out a 32%, whether the price action can “hold the volume” will be clear on the next trading day. The pinned post on the homepage is still following this line; future actions will be posted there directly.
#DRIFT