Reviewing $HFT: up 6.3% over 24 hours, currently at 0.00711.
Looking at the candlesticks, volume is the key driver of this move: each rally has been backed by trading volume, suggesting this isn’t just a one-day pump. However, there’s considerable overhead supply above 0.00711, so a continued push higher will need stronger volume.
As for your strategy, it may be better to wait for a confirmed pullback than to chase the price. What’s your current position? #HFT
For discussion purposes only; this is not investment advice.
Looking at the candlesticks, volume is the key driver of this move: each rally has been backed by trading volume, suggesting this isn’t just a one-day pump. However, there’s considerable overhead supply above 0.00711, so a continued push higher will need stronger volume.
As for your strategy, it may be better to wait for a confirmed pullback than to chase the price. What’s your current position? #HFT
For discussion purposes only; this is not investment advice.