Don’t rush to call a bottom on this MVLL move—I’m waiting for one sign of recovery to appear first.
Binance TradFi Perpetuals (traditional finance assets; elevated gap risk outside trading hours) | MVLL is down 8.15% over the past 24 hours, and weakness persists. For signs of recovery, first watch whether selling pressure eases. Current price is around 24.8, with 24h trading volume of approximately 60.6174 million; absolute trading volume does not indicate relative volume expansion. Flows: 64% of accounts are long; taker buy/sell ratio is 0.90 (taker selling dominates); 30m open interest is up 4.4%.
Reference indicators: the 30m ATR trend band reference level is 25.956849. Price is below this level, indicating that the trend support level is coming under pressure. The 30m KDJ is 17.96/35.22/-16.58, suggesting short-term panic/oversold conditions. The J value is at a low level; next, watch for a second confirmation in any rebound.
Which would you wait for first: the taker buy/sell ratio rising back above 1.00, or the price reclaiming the ATR trend band reference level of 25.956849?
#MVLL #UnusualMoveAlert
Binance TradFi Perpetuals (traditional finance assets; elevated gap risk outside trading hours) | MVLL is down 8.15% over the past 24 hours, and weakness persists. For signs of recovery, first watch whether selling pressure eases. Current price is around 24.8, with 24h trading volume of approximately 60.6174 million; absolute trading volume does not indicate relative volume expansion. Flows: 64% of accounts are long; taker buy/sell ratio is 0.90 (taker selling dominates); 30m open interest is up 4.4%.
Reference indicators: the 30m ATR trend band reference level is 25.956849. Price is below this level, indicating that the trend support level is coming under pressure. The 30m KDJ is 17.96/35.22/-16.58, suggesting short-term panic/oversold conditions. The J value is at a low level; next, watch for a second confirmation in any rebound.
Which would you wait for first: the taker buy/sell ratio rising back above 1.00, or the price reclaiming the ATR trend band reference level of 25.956849?
#MVLL #UnusualMoveAlert