Afternoon reversal: that bullish candle on the 15-minute chart at $GWEI suddenly shot up, and I barely had time to react.
GWEIUSDT is currently around 0.02174, with a 24-hour high of 0.02427 and a low of 0.01784—up about 20% in 24 hours. Volume is no joke either: roughly $23 million in trading volume and open interest around $5.6 million. Turnover is pretty intense for a small-cap coin.
ETHGas is working to commoditize Ethereum block space, in the real-time infrastructure sector. You can also buy it on Alpha, and the futures market is even more active. Its market cap is only a little over $2 million, but daily trading volume can hit $20 million. That kind of volume-to-price relationship usually isn't very stable; after a pump, it can easily stall out.
I took a small position and set my stop just below the base of the move. The narrative sounds solid and the order book is active, but don't turn your position into a matter of faith—let the profits run for a while, then decide whether to add on a pullback.
Did you get in for the “block space” story, or are you just following the volume?
#GWEI #加密杠杆头寸24小时清算15亿美元 #Tether's third-quarter reserves reach $191.5 billion
GWEIUSDT is currently around 0.02174, with a 24-hour high of 0.02427 and a low of 0.01784—up about 20% in 24 hours. Volume is no joke either: roughly $23 million in trading volume and open interest around $5.6 million. Turnover is pretty intense for a small-cap coin.
ETHGas is working to commoditize Ethereum block space, in the real-time infrastructure sector. You can also buy it on Alpha, and the futures market is even more active. Its market cap is only a little over $2 million, but daily trading volume can hit $20 million. That kind of volume-to-price relationship usually isn't very stable; after a pump, it can easily stall out.
I took a small position and set my stop just below the base of the move. The narrative sounds solid and the order book is active, but don't turn your position into a matter of faith—let the profits run for a while, then decide whether to add on a pullback.
Did you get in for the “block space” story, or are you just following the volume?
#GWEI #加密杠杆头寸24小时清算15亿美元 #Tether's third-quarter reserves reach $191.5 billion
