$MUBARAK Today’s daily candlestick is not a normal slow rise.
On Binance’s spot page at the same time, it shows: the 24-hour gain is about +29.70%, the trading volume is about 38.29 million USDT, it surged intraday from around 0.04154 up to 0.06007, then returned to around 0.05572.
What I’m watching is whether, after the high point, it continues with volume and follow-through. This big bullish candle has already pulled the disagreement apart. If later it returns to near the day’s opening price and volume cools down in sync, then this sentiment should first downgrade—don’t only look at the percentage gain.
The page has a seed tag. For high-volatility assets, the risk of chasing and then retracing, changes in liquidity, and the risk of a message/news reversal are all very high. This is only for observing the chart, not a trading instruction.
When you see this kind of spike-and-retrace, do you first watch the volume, or do you just move on directly?
$MUBARAK #BinanceSpot #MEME
On Binance’s spot page at the same time, it shows: the 24-hour gain is about +29.70%, the trading volume is about 38.29 million USDT, it surged intraday from around 0.04154 up to 0.06007, then returned to around 0.05572.
What I’m watching is whether, after the high point, it continues with volume and follow-through. This big bullish candle has already pulled the disagreement apart. If later it returns to near the day’s opening price and volume cools down in sync, then this sentiment should first downgrade—don’t only look at the percentage gain.
The page has a seed tag. For high-volatility assets, the risk of chasing and then retracing, changes in liquidity, and the risk of a message/news reversal are all very high. This is only for observing the chart, not a trading instruction.
When you see this kind of spike-and-retrace, do you first watch the volume, or do you just move on directly?
$MUBARAK #BinanceSpot #MEME
