On the ALGO perpetuals side, the last completed 5-minute candle was up 5.83%. Current price: 0.1403; 24h turnover: 33.7321 million. Price is above VWAP at 0.129155, with volume at 18.3x. This candle could easily get people carried away. Specifically: hold back the urge to chase the rally and see whether follow-through buying comes in.
Can price hold VWAP at 0.129155 on a pullback, and can volume stay elevated after expanding to 18.3x? Would you wait for confirmation of continuation first, or confirmation of a pullback first?
#ALGO #UnusualMoveAlert
Can price hold VWAP at 0.129155 on a pullback, and can volume stay elevated after expanding to 18.3x? Would you wait for confirmation of continuation first, or confirmation of a pullback first?
#ALGO #UnusualMoveAlert