Everyone, $AWE fell 16.183% today, sliding all the way from 0.07785 to 0.06184.
Honestly, this chart doesn’t look good.
The 14,397,691-share bearish candle at 8 a.m. was 1.834 times the volume of the previous candle, at 7,847,062 shares. Volume spoke first.
I’m looking at the levels, not the sentiment.
It’s down 20.565% from the high, with only a 2.367% buffer above the 20-day low of 0.06041.
It’s like the last dish being served at a dinner: the plate is still the same, but there’s no meat left to pick up. The remaining chips can only change hands at lower prices.
Liquidity hasn’t disappeared; it has migrated.
Twenty-four-hour trading volume is 6,530,398 USDT—not insignificant. But the price hasn’t managed to put up even one decent bullish candle. Buyers are all waiting downstairs for a cheaper entry.
The funding rate is -0.000462%, barely negative.
Realizing losses is the most painful part.
At this point, should we pay less attention or more?
My approach is to first watch whether 0.06041 holds. If it does, this is a support level; if it doesn’t, we’ll have to see where the chips change hands.
What do you think? Let’s discuss in the comments.
$BTC $ETH
#AWE #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
Honestly, this chart doesn’t look good.
The 14,397,691-share bearish candle at 8 a.m. was 1.834 times the volume of the previous candle, at 7,847,062 shares. Volume spoke first.
I’m looking at the levels, not the sentiment.
It’s down 20.565% from the high, with only a 2.367% buffer above the 20-day low of 0.06041.
It’s like the last dish being served at a dinner: the plate is still the same, but there’s no meat left to pick up. The remaining chips can only change hands at lower prices.
Liquidity hasn’t disappeared; it has migrated.
Twenty-four-hour trading volume is 6,530,398 USDT—not insignificant. But the price hasn’t managed to put up even one decent bullish candle. Buyers are all waiting downstairs for a cheaper entry.
The funding rate is -0.000462%, barely negative.
Realizing losses is the most painful part.
At this point, should we pay less attention or more?
My approach is to first watch whether 0.06041 holds. If it does, this is a support level; if it doesn’t, we’ll have to see where the chips change hands.
What do you think? Let’s discuss in the comments.
$BTC $ETH
#AWE #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of market data. It does not constitute investment advice.
