$CTSI, wow, this candle looks a little scary.
Currently around $0.0382
Up about 28.5% over 24h, but volume is weak
Analysis: It surged 5.73% in just 5 minutes, going all the way from 0.0295 to 0.0428. I haven’t rushed to add to my small position—the move was too fast, and chasing it could leave you stuck halfway up. At this point, 0.0428 is the resistance it just tested, while 0.0295 is where the move started. Volume hasn’t picked up, which suggests selling pressure isn’t too heavy, but buyers aren’t all that aggressive either. Personally, I’d first watch to see if it can hold sideways around 0.038. If it can, then it may have room to take the next step. As for who’s behind this candle and how long the move can last, the chart hasn’t given us an answer yet, so any guess is just speculation. Did you chase it here?
Currently around $0.0382
Up about 28.5% over 24h, but volume is weak
Analysis: It surged 5.73% in just 5 minutes, going all the way from 0.0295 to 0.0428. I haven’t rushed to add to my small position—the move was too fast, and chasing it could leave you stuck halfway up. At this point, 0.0428 is the resistance it just tested, while 0.0295 is where the move started. Volume hasn’t picked up, which suggests selling pressure isn’t too heavy, but buyers aren’t all that aggressive either. Personally, I’d first watch to see if it can hold sideways around 0.038. If it can, then it may have room to take the next step. As for who’s behind this candle and how long the move can last, the chart hasn’t given us an answer yet, so any guess is just speculation. Did you chase it here?