$NIL This wire is interesting. In 24 hours, it was pulled from 0.0486 up to 0.0686, then fell back to 0.0632. The amplitude exceeded 40%, but the closing price didn’t eat up all of the gains, leaving a clear long upper shadow.
Turnover is 36.54 million, corresponding to 600 million shares traded. The price is able to hold above 0.06, suggesting that the selling pressure hasn’t been fully discharged.
In terms of volume-price structure: during the intraday rally phase, trading is dense, but during the pullback, the volume doesn’t shrink in sync—this is a warning signal. After the bulls chase higher, there isn’t enough willingness from the next batch to take the order; the short-term unrealized-profit shares are being cashed out at high levels. 0.0687 is the resistance level left by the peak of this push. In the next one or two days, if it doesn’t break through, it’s likely to churn in a range between 0.058 and 0.066.
As for execution:
#NIL
Turnover is 36.54 million, corresponding to 600 million shares traded. The price is able to hold above 0.06, suggesting that the selling pressure hasn’t been fully discharged.
In terms of volume-price structure: during the intraday rally phase, trading is dense, but during the pullback, the volume doesn’t shrink in sync—this is a warning signal. After the bulls chase higher, there isn’t enough willingness from the next batch to take the order; the short-term unrealized-profit shares are being cashed out at high levels. 0.0687 is the resistance level left by the peak of this push. In the next one or two days, if it doesn’t break through, it’s likely to churn in a range between 0.058 and 0.066.
As for execution:
#NIL