$APR After a high-volume surge, the price had fallen below the previous hour’s low by 22:07. I’ll wait for evidence that it can hold steady.
The bulls’ confidence comes from trading volume: 28.06 million USDT from 20:00 to 21:00, and still 24.19 million from 21:00 to 22:00. But in the latter hour, the price climbed to 0.07788 and closed at 0.07348. At 22:07 Beijing time on November 1, the Binance futures price had fallen back to 0.06952, below that hour’s low of 0.07098. Support at higher levels has yet to stand the test.
The 22:00–23:00 hour has not closed yet, so I’ll focus on the real-time pullback and avoid jumping to conclusions about a breakdown. Without a valid pullback pattern, I’ll wait. If the price recovers 0.07098 and holds above it for a full subsequent hour, I’ll reassess my bearish view. First, I’ll check the hourly close at 23:00.
The bulls’ confidence comes from trading volume: 28.06 million USDT from 20:00 to 21:00, and still 24.19 million from 21:00 to 22:00. But in the latter hour, the price climbed to 0.07788 and closed at 0.07348. At 22:07 Beijing time on November 1, the Binance futures price had fallen back to 0.06952, below that hour’s low of 0.07098. Support at higher levels has yet to stand the test.
The 22:00–23:00 hour has not closed yet, so I’ll focus on the real-time pullback and avoid jumping to conclusions about a breakdown. Without a valid pullback pattern, I’ll wait. If the price recovers 0.07098 and holds above it for a full subsequent hour, I’ll reassess my bearish view. First, I’ll check the hourly close at 23:00.
