On BULLA futures, the last completed 5-minute candle was down 10.19%. Current price: 0.09027; 24h turnover: 11.0991 million. Price is below VWAP at 0.095898, with volume at 2.3x. At first glance, it’s easy to get caught up in the drop. What matters more now: if panic selling doesn’t follow through, this could quickly turn into a weak bounce.
Can price reclaim VWAP at 0.095898 on a retest? Will volume, after surging to 2.3x, contract again right away? Whether this is the tail end of panic or a test of support will become clear as things unfold.
#BULLA #UnusualMoveAlert
Can price reclaim VWAP at 0.095898 on a retest? Will volume, after surging to 2.3x, contract again right away? Whether this is the tail end of panic or a test of support will become clear as things unfold.
#BULLA #UnusualMoveAlert