A review of $STRAX : up 9.3% in 24h, currently at 0.01116.
Looking at the candlesticks, the key driver of this move is volume: each rally has been supported by trading volume, suggesting this isn’t just a one-day spike. However, there’s considerable overhead supply above 0.01116, so a continued push higher will need stronger volume.
As for trading, it’s better to wait for a pullback and confirmation than to chase the rally. What’s your current position? #STRAX
For discussion purposes only; this is not investment advice.
Looking at the candlesticks, the key driver of this move is volume: each rally has been supported by trading volume, suggesting this isn’t just a one-day spike. However, there’s considerable overhead supply above 0.01116, so a continued push higher will need stronger volume.
As for trading, it’s better to wait for a pullback and confirmation than to chase the rally. What’s your current position? #STRAX
For discussion purposes only; this is not investment advice.