If you want to go find some counterfeit (shanzhai) assets to catch a rebound-and-compensation rally, then purely from the technical side using candlestick charts: shrink the daily (day-level) candlestick chart. As long as it is still at the bottom and hasn’t risen too much, then look at trading volume. Right now, the liquidity and trading volume for shanzhai coins are still relatively small, so you can consider those whose single-day trading volume is above 2 million USDT. In general, these shanzhai coins will later see a round of rebound-and-compensation.
What you need to avoid is the kind of coin where the trading volume isn’t large and the daily chart has already surged up to the previous rebound’s high point. You should avoid chasing it in this case, because it’s not a breakout driven by heavy volume, so the sustainability of the move is usually not good.
What you need to avoid is the kind of coin where the trading volume isn’t large and the daily chart has already surged up to the previous rebound’s high point. You should avoid chasing it in this case, because it’s not a breakout driven by heavy volume, so the sustainability of the move is usually not good.
