$S surged to 0.06901 before reversing. It’s now at 0.05924, still up +24.82% over 24 hours. But look at the volume: of the 44M in trading volume, the past hour accounted for only 0.5 times the average hourly volume—a decline on shrinking volume. The bulls are pulling out, and there’s no one stepping in. It’s already down -4.52% on the 1-hour chart and -2.06% on the 4-hour chart. Buyers who entered near the top are cutting their losses and getting out. My take is that the money behind this rally is already drying up, and those left are all underwater. If it can’t hold around 0.055, the next stop is the 0.04712 starting point.

#S #BinanceSquare #Crypto