$KAIA, no way—it’s flying again.
Current price: around $0.0577
Up about 49.1% over the past 24 hours, but volume is weak
Analysis: First, let’s see if it can retest that 0.068 high. If it can’t, it’s a fakeout. Then watch whether there’s any buying support near the 0.0387 opening price. If it can’t hold there, it could be a one-way drop. Damn, look at that volume—it's rallying so hard, but there’s no volume to back it up. I’m not convinced. I’m sitting this one out and waiting for these two levels to give us an answer. It just dropped 5.30% in five minutes, which means someone up top is selling. Let’s wait for it to stabilize. If it doesn’t, I’ll pretend I didn’t see it.
Did you chase it at this level?
Current price: around $0.0577
Up about 49.1% over the past 24 hours, but volume is weak
Analysis: First, let’s see if it can retest that 0.068 high. If it can’t, it’s a fakeout. Then watch whether there’s any buying support near the 0.0387 opening price. If it can’t hold there, it could be a one-way drop. Damn, look at that volume—it's rallying so hard, but there’s no volume to back it up. I’m not convinced. I’m sitting this one out and waiting for these two levels to give us an answer. It just dropped 5.30% in five minutes, which means someone up top is selling. Let’s wait for it to stabilize. If it doesn’t, I’ll pretend I didn’t see it.
Did you chase it at this level?