On the XNO spot market, the previous fully closed 5m candle was up 10.36%. Current price: 0.371; 24h turnover: 156.3K. Price is above VWAP at 0.35251, with volume at 17.7x. My take is simple: don’t focus on a single candle. The key is that if the next move can’t follow through, this candle is just noise.
Can the pullback hold above VWAP at 0.35251? Can volume stay elevated after surging to 17.7x? If the next move lacks strength, then what came before was just noise.
#XNO #UnusualMoveAlert
Can the pullback hold above VWAP at 0.35251? Can volume stay elevated after surging to 17.7x? If the next move lacks strength, then what came before was just noise.
#XNO #UnusualMoveAlert