IOST is up 68% today, but its Binance spot trading volume is still lower than Upbit’s in Korea. I’m not chasing this green candle.
Here’s what I’m seeing: IOST is now at 0.001244. It hit a high of 0.001447 today and has already pulled back 14%.
Its 24-hour trading volume on Upbit was about 44.8 billion won, equivalent to roughly $33.7 million; Binance spot volume over the same period was only $26.33 million.
According to media reports, several other small-cap coins that rose today had no obvious positive news either—the main driver was heavy trading on Upbit.
This happened once last month, too: on September 9, IOST surged to 0.002448, then closed at 0.000724 six days later, down 70%.
GTC was similar: it spiked to 0.393 on October 12, then halved to 0.188 four days later.
I think Korean traders are speculating on these tokens; the fundamentals haven’t changed.
My plan: I’m not chasing. I’ll take another look if it breaks above 0.001447 on strong volume. If it falls below today’s low of 0.000967, I’ll consider this rally over.
Would you chase IOST at 0.0012? In or out?
$IOST $GTC
#IOST #Upbit
Here’s what I’m seeing: IOST is now at 0.001244. It hit a high of 0.001447 today and has already pulled back 14%.
Its 24-hour trading volume on Upbit was about 44.8 billion won, equivalent to roughly $33.7 million; Binance spot volume over the same period was only $26.33 million.
According to media reports, several other small-cap coins that rose today had no obvious positive news either—the main driver was heavy trading on Upbit.
This happened once last month, too: on September 9, IOST surged to 0.002448, then closed at 0.000724 six days later, down 70%.
GTC was similar: it spiked to 0.393 on October 12, then halved to 0.188 four days later.
I think Korean traders are speculating on these tokens; the fundamentals haven’t changed.
My plan: I’m not chasing. I’ll take another look if it breaks above 0.001447 on strong volume. If it falls below today’s low of 0.000967, I’ll consider this rally over.
Would you chase IOST at 0.0012? In or out?
$IOST $GTC
#IOST #Upbit