JELLYJELLY contract side—first focus on the core data. Don’t just look at a single line. The key is to look at the drawdown and trading volume together to know whether it’s panic selling. The previous full 5m candle was -9.63%. Current price is 0.05674, 24h volume is 3.4337M, VWAP is 0.058493 (price is below VWAP), and the volume strength is 26.5x.
If the price retraces, can it reclaim VWAP 0.058493? After the volume amplifies to 26.5x, will it quickly pull back again? Whether it can continue and hold later is the key.
#JELLYJELLY #anomaly alert
If the price retraces, can it reclaim VWAP 0.058493? After the volume amplifies to 26.5x, will it quickly pull back again? Whether it can continue and hold later is the key.
#JELLYJELLY #anomaly alert