Are you also wondering, who exactly is taking that 30% jump we just made? This line—$GRT —goes straight from 0.0270 to 0.0367, an amplitude of 35%. It looks fierce, but underneath it’s all profit-takers running.
On the daily chart, the upper wick was pulled up to 0.0367 and then it closed—meaning the sell pressure is heavy in the 0.036–0.037 range. For the bulls to push through, the required volume is at least double what it is now. Trading value is $539 million, equivalent to 16.3 billion in shares. Turnover during the session is ample, not a no-volume, fake rise.
For the short-term, watch whether a pullback can hold at 0.033. If it breaks, then it heads for the 0.030 psychological level. Place the stop-loss below 0.0268. First, see whether it can break through 0.038, then try to go for the prior high at 0.0421. You won’t lose the space of one K-line to give up a 20%+ swing—this is a算得过的账.
Also, the pinned post on the homepage has 3 pieces of position-thoughts—compare them with each other.
#GRT
On the daily chart, the upper wick was pulled up to 0.0367 and then it closed—meaning the sell pressure is heavy in the 0.036–0.037 range. For the bulls to push through, the required volume is at least double what it is now. Trading value is $539 million, equivalent to 16.3 billion in shares. Turnover during the session is ample, not a no-volume, fake rise.
For the short-term, watch whether a pullback can hold at 0.033. If it breaks, then it heads for the 0.030 psychological level. Place the stop-loss below 0.0268. First, see whether it can break through 0.038, then try to go for the prior high at 0.0421. You won’t lose the space of one K-line to give up a 20%+ swing—this is a算得过的账.
Also, the pinned post on the homepage has 3 pieces of position-thoughts—compare them with each other.
#GRT