$BNCB This 15-minute chart is a bit interesting: it spikes higher at the start, then dumps hard with a surge in volume, after which it goes sideways. Just now, it also pushed the price back up to around $6.17.
The facts are in front of us: CEA Industries (bStocks) is up +3.72% over the past hour, but in the last 5 minutes it has given back -4.57%. I’m treating it as an observation sample for “whether it can hold after a rebound,” not taking a single pullback as an outright trend reversal.
If the price falls back into the earlier sideways range, and meanwhile the volume continues to cool off, then this short-term momentum should be downgraded first. Another point you can’t ignore is that the top ten addresses account for about 79.84%; the public security audit in this round has not returned any usable results. Changes in holdings and liquidity are both worth watching.
What do you think of a chart like this that first dumps and then pulls back up? Will you wait for it to form a second segment of confirmation, or would you rather not touch it?
$BNCB #bStocks #RWA
The facts are in front of us: CEA Industries (bStocks) is up +3.72% over the past hour, but in the last 5 minutes it has given back -4.57%. I’m treating it as an observation sample for “whether it can hold after a rebound,” not taking a single pullback as an outright trend reversal.
If the price falls back into the earlier sideways range, and meanwhile the volume continues to cool off, then this short-term momentum should be downgraded first. Another point you can’t ignore is that the top ten addresses account for about 79.84%; the public security audit in this round has not returned any usable results. Changes in holdings and liquidity are both worth watching.
What do you think of a chart like this that first dumps and then pulls back up? Will you wait for it to form a second segment of confirmation, or would you rather not touch it?
$BNCB #bStocks #RWA
