🐳 $GRASS Quick take on the trading activity:
Trading volume was 2× the 20-day average → a large amount of shares changed hands near the one-year high.
A high-volume breakout above the previous high of 0.8473 is usually interpreted in one of two ways: buyers aggressively absorbed the selling pressure at the previous high (bullish), or large holders took advantage of the buzz to sell (bearish). To tell which, watch whether the price holds above the previous high after the breakout.
#GRASS
Trading volume was 2× the 20-day average → a large amount of shares changed hands near the one-year high.
A high-volume breakout above the previous high of 0.8473 is usually interpreted in one of two ways: buyers aggressively absorbed the selling pressure at the previous high (bullish), or large holders took advantage of the buzz to sell (bearish). To tell which, watch whether the price holds above the previous high after the breakout.
#GRASS