🐋 $GRASS broke its one-year high at 0.8473, with 24h trading volume rising to 2x the daily average.
Around interim highs, stop-loss orders on short positions and sell orders from earlier bagholders tend to pile up. The surge in volume suggests these orders are being absorbed. Once they’re cleared, if buyers are still there, the price can move up more easily; if buying suddenly dries up, watch out for a spike and reversal.
#GRASS
Around interim highs, stop-loss orders on short positions and sell orders from earlier bagholders tend to pile up. The surge in volume suggests these orders are being absorbed. Once they’re cleared, if buyers are still there, the price can move up more easily; if buying suddenly dries up, watch out for a spike and reversal.
#GRASS