$HBAR, damn, this candle looks a little scary.
Current price around $0.0867
Up about 5.8% in the past 24 hours, but volume is weak
Analysis: It shot straight from 0.0803 to 0.0872—that was definitely fast. The problem is volume didn’t follow, so the move feels kind of flimsy. After that huge drop, one green candle pulls it back up and it looks lively, but whether the buying is real depends on whether it can hold above 0.085. With a rebound where price and volume don’t really line up, chasing it could easily leave you shaken out. Anyway, I’m in no hurry. Let’s see if it can hold first.
Did you catch the falling knife?
Current price around $0.0867
Up about 5.8% in the past 24 hours, but volume is weak
Analysis: It shot straight from 0.0803 to 0.0872—that was definitely fast. The problem is volume didn’t follow, so the move feels kind of flimsy. After that huge drop, one green candle pulls it back up and it looks lively, but whether the buying is real depends on whether it can hold above 0.085. With a rebound where price and volume don’t really line up, chasing it could easily leave you shaken out. Anyway, I’m in no hurry. Let’s see if it can hold first.
Did you catch the falling knife?