Everyone, $NIL closed at 0.09371 on the daily cutoff, up 9.538% over 24 hours.
I’ve been watching that 71st-percentile level for a long time.
The current price has already returned to the 70% mark of the 20-day range. It’s just that the short sellers’ cost-basis zone, formed by that long wick overhead, hasn’t been fully absorbed yet.
Three consecutive green candles.
2.546, 7.668, 6.521—each one cleaner than the last.
Honestly, at first glance I thought it was just a wick. It took looking through all three daily candles for me to believe that buying support was lifting the price.
The 24-hour high reached 0.095, the low was 0.08329, and the range was 14.059%.
Volatility was clearly elevated, coming in 11.97% above the daily ATR14.
By my read, this looks more like a rebound in sentiment across the sector than the payoff from a new thesis.
Coins have changed hands on the way up from around 0.07074, like someone taking inventory in a warehouse all over again. Overnight, the pool of holders sitting on profits has grown, and the urge to take short-term profits will likely strengthen.
Up 20.543% in seven trading days.
I’m not chasing this move.
Paying less attention doesn’t mean I’m bearish. I just want to wait for price to return to the support zone near 0.085—like waiting for a slow train. There’s no need to rush.
What do you all think? Let’s chat in the comments.
$BTC $ETH
#NIL #比特币 #Cryptocurrency
The above reflects my personal trading-system records and observations of data; it does not constitute investment advice.
I’ve been watching that 71st-percentile level for a long time.
The current price has already returned to the 70% mark of the 20-day range. It’s just that the short sellers’ cost-basis zone, formed by that long wick overhead, hasn’t been fully absorbed yet.
Three consecutive green candles.
2.546, 7.668, 6.521—each one cleaner than the last.
Honestly, at first glance I thought it was just a wick. It took looking through all three daily candles for me to believe that buying support was lifting the price.
The 24-hour high reached 0.095, the low was 0.08329, and the range was 14.059%.
Volatility was clearly elevated, coming in 11.97% above the daily ATR14.
By my read, this looks more like a rebound in sentiment across the sector than the payoff from a new thesis.
Coins have changed hands on the way up from around 0.07074, like someone taking inventory in a warehouse all over again. Overnight, the pool of holders sitting on profits has grown, and the urge to take short-term profits will likely strengthen.
Up 20.543% in seven trading days.
I’m not chasing this move.
Paying less attention doesn’t mean I’m bearish. I just want to wait for price to return to the support zone near 0.085—like waiting for a slow train. There’s no need to rush.
What do you all think? Let’s chat in the comments.
$BTC $ETH
#NIL #比特币 #Cryptocurrency
The above reflects my personal trading-system records and observations of data; it does not constitute investment advice.
