🚨 PARTI first plunged nearly 20%, then surged back, rebounding 8.1% in 1 hour as trading volume briefly spiked 30.9x!
But the truly strange part: OI data is conflicting. One source shows a 0.2% decline to $5 million, while another shows a sharp 37% drop in 1 hour to $6.8 million. The data needs verification. Social sentiment is clearly bearish, with retail traders bearish by a 5-to-1 margin.
📊 What does this mean? Panic selling may have just eased, but chasing the rally now could easily mean buying the rebound high. You can get the direction right and still end up holding the bag.
🎯 Key levels:
Resistance: $0.0384 (VWAP)
Support to watch: Around $0.032
A move back above VWAP is needed to confirm a recovery.
My take: I’m inclined to wait on the sidelines in the short term and not chase this sharp rally. A high-volume move back above $0.0384 would point to further upside; a failed push higher followed by a break below $0.032 would raise the risk of another long squeeze.
Do you think PARTI will reclaim $0.0384 next, or retest $0.032? 👇
#PARTI #cryptocurrency
But the truly strange part: OI data is conflicting. One source shows a 0.2% decline to $5 million, while another shows a sharp 37% drop in 1 hour to $6.8 million. The data needs verification. Social sentiment is clearly bearish, with retail traders bearish by a 5-to-1 margin.
📊 What does this mean? Panic selling may have just eased, but chasing the rally now could easily mean buying the rebound high. You can get the direction right and still end up holding the bag.
🎯 Key levels:
Resistance: $0.0384 (VWAP)
Support to watch: Around $0.032
A move back above VWAP is needed to confirm a recovery.
My take: I’m inclined to wait on the sidelines in the short term and not chase this sharp rally. A high-volume move back above $0.0384 would point to further upside; a failed push higher followed by a break below $0.032 would raise the risk of another long squeeze.
Do you think PARTI will reclaim $0.0384 next, or retest $0.032? 👇
#PARTI #cryptocurrency