Let’s put the most important point first: the first resistance above is just 0.6% away, at 0.99 (less than the average daily move). Chasing the price here isn’t worth it—wait for a high-volume breakout above it before considering further upside.
Support below is at 0.98, just 0.4% away. That’s less than the average daily move, and a break below it would essentially mean the short-term structure is broken.
41% of the broader market is up, so the overall environment isn’t extreme. Neither side has an advantage.
The intraday range was 13%, and the close wasn’t far from the midpoint. Today’s 11.1% gain looks more like a full day of grinding in place. The price is now hugging the top of its 24-hour range (92nd percentile), so chasing here means lifting someone else’s bags.
The largest nearby orders in the order book: about 20,000 U in sell orders above at 0.98971758, and about 20,000 U in buy orders below at 0.9779178. Over the past 24 hours, aggressive buys accounted for 55.3%—buyers are actively pushing upward, but the price hasn’t made a corresponding move, which suggests there’s supply overhead.
The price is just 1.0% below the 24-hour high. The risk-reward for chasing bottoms out here.
The above is based on data and does not constitute advice. $AERO
Support below is at 0.98, just 0.4% away. That’s less than the average daily move, and a break below it would essentially mean the short-term structure is broken.
41% of the broader market is up, so the overall environment isn’t extreme. Neither side has an advantage.
The intraday range was 13%, and the close wasn’t far from the midpoint. Today’s 11.1% gain looks more like a full day of grinding in place. The price is now hugging the top of its 24-hour range (92nd percentile), so chasing here means lifting someone else’s bags.
The largest nearby orders in the order book: about 20,000 U in sell orders above at 0.98971758, and about 20,000 U in buy orders below at 0.9779178. Over the past 24 hours, aggressive buys accounted for 55.3%—buyers are actively pushing upward, but the price hasn’t made a corresponding move, which suggests there’s supply overhead.
The price is just 1.0% below the 24-hour high. The risk-reward for chasing bottoms out here.
The above is based on data and does not constitute advice. $AERO