A look back at $DOT : up 4.5% over the past 24 hours, currently trading at 1.176.
Breaking down the candlesticks, volume has been the key driver of this move: each rally has been backed by trading volume, suggesting this is more than a one-day spike. However, there are plenty of holders who bought in above 1.176 and are now underwater, so a continued push higher will need stronger volume.
As for trading, rather than chasing the price, it may be better to wait for a pullback and confirmation. How are your positions looking right now? #DOT
For discussion purposes only; this is not investment advice.
Breaking down the candlesticks, volume has been the key driver of this move: each rally has been backed by trading volume, suggesting this is more than a one-day spike. However, there are plenty of holders who bought in above 1.176 and are now underwater, so a continued push higher will need stronger volume.
As for trading, rather than chasing the price, it may be better to wait for a pullback and confirmation. How are your positions looking right now? #DOT
For discussion purposes only; this is not investment advice.