$XPL, holy shit, this move might actually be for real.
Current price: around $0.0817
Slight 24h rebound of about 1.3%, but volume is weak
Analysis:
That 5-minute candle ripping up 5.35% was seriously impressive, but overall the daily chart is still only up a little over 1%, which shows the broader crowd hasn’t joined in.
Now it all comes down to whether it can retest the 24h high of 0.0833. If it can’t, it’s a fakeout.
With volume this weak, a hard push could easily get knocked back. Man, this is exactly when I’m most worried about acting too fast.
I’m sitting tight for now. I’ll wait for it to show its hand before deciding whether to follow.
Did you catch the falling knife?
Current price: around $0.0817
Slight 24h rebound of about 1.3%, but volume is weak
Analysis:
That 5-minute candle ripping up 5.35% was seriously impressive, but overall the daily chart is still only up a little over 1%, which shows the broader crowd hasn’t joined in.
Now it all comes down to whether it can retest the 24h high of 0.0833. If it can’t, it’s a fakeout.
With volume this weak, a hard push could easily get knocked back. Man, this is exactly when I’m most worried about acting too fast.
I’m sitting tight for now. I’ll wait for it to show its hand before deciding whether to follow.
Did you catch the falling knife?