$GRASS surged from 0.31 to 0.68—more than double, but still stuck in that 82% drawdown hole below the ATH of 3.89. What current holders find most tangled isn’t whether to sell—because the people down 80% have no right to talk about “taking profit.” The real difficulty is judging whether this +86% move is a desperate escape rally, or the first leg of a true trend reversal.
Before September 22, $GRASS traded in the 0.31–0.35 range for half a month, with volume barely reaching 15M. Then volume expanded to 45M, followed by 69M and 87M, while the price climbed in step-like increments. This isn’t a line that retail FOMO could draw—it looks more like someone gradually gobbling up loose shares at low levels, then starting to build a trend. But the 24-hour high at 0.665 is right near that day’s closing price, which suggests there is still overhead supply/pressure.
What I care about most is that this rally is built on the foundation that there hasn’t been a meaningful pullback between 0.35 and 0.55. That means the people chasing in now have extremely concentrated costs. Once the daily candle closes back below 0.55, these shares could turn into overhead selling pressure. And if trading volume continues to stay above 60M, any retracement would be a rotation/change of hands rather than distribution.
For holders, there’s only one next indicator worth watching: whether, during the pullback, volume shrinks to below 40M. Shrinking-volume pullbacks = the trend isn’t broken; blow-off selling on rising volume = the 88M volume earlier was the distribution volume.
Right now, are you waiting to break even and escape, or do you genuinely believe $GRASS can find a new bottom range? That determines whether you add on the pullback or exit.
Before September 22, $GRASS traded in the 0.31–0.35 range for half a month, with volume barely reaching 15M. Then volume expanded to 45M, followed by 69M and 87M, while the price climbed in step-like increments. This isn’t a line that retail FOMO could draw—it looks more like someone gradually gobbling up loose shares at low levels, then starting to build a trend. But the 24-hour high at 0.665 is right near that day’s closing price, which suggests there is still overhead supply/pressure.
What I care about most is that this rally is built on the foundation that there hasn’t been a meaningful pullback between 0.35 and 0.55. That means the people chasing in now have extremely concentrated costs. Once the daily candle closes back below 0.55, these shares could turn into overhead selling pressure. And if trading volume continues to stay above 60M, any retracement would be a rotation/change of hands rather than distribution.
For holders, there’s only one next indicator worth watching: whether, during the pullback, volume shrinks to below 40M. Shrinking-volume pullbacks = the trend isn’t broken; blow-off selling on rising volume = the 88M volume earlier was the distribution volume.
Right now, are you waiting to break even and escape, or do you genuinely believe $GRASS can find a new bottom range? That determines whether you add on the pullback or exit.