At a glance, $AVA ’s open interest looks like someone’s floored the accelerator.
Up 11.4% in an hour, with the price surging 32.18% in a day, while open interest is only $6.19 million—the market is thin, so even a gust of wind can send it flying. On the 1-hour chart, CHoCH↑ has flipped the previous downtrend structure, and the former high at 0.4 has been reclaimed. The trend has turned from down to up.
Money is flowing in, but with a small-cap coin this size, a sharp rally can just as quickly turn into a sharp drop. This kind of move looks less like a trend and more like someone lighting a match in a thin market.
A thin-market rally is fireworks on the way up, and ashes on the way down.
Up 11.4% in an hour, with the price surging 32.18% in a day, while open interest is only $6.19 million—the market is thin, so even a gust of wind can send it flying. On the 1-hour chart, CHoCH↑ has flipped the previous downtrend structure, and the former high at 0.4 has been reclaimed. The trend has turned from down to up.
Money is flowing in, but with a small-cap coin this size, a sharp rally can just as quickly turn into a sharp drop. This kind of move looks less like a trend and more like someone lighting a match in a thin market.
A thin-market rally is fireworks on the way up, and ashes on the way down.