ONE is up more than 60%, and at noon I only checked one thing: volume.
It was still surging on heavy volume last night. Today it’s up about 68% over 24 hours, trading around 0.00186, after touching 0.00197 in the morning.
Looking at the hourly trading volume: the 7 a.m. candle showed over $2.5 million, but by noon it was down to around $700,000. Volume had nearly halved, while the price was still holding near its highs.
Volume drops, price doesn’t—that’s a pattern I’ve seen too many times.
I did three things first:
1. I won’t chase above 0.00190; if it spikes, I’ll let it go.
2. I’ll watch 0.00170 on a pullback, and only consider a small position if volume keeps contracting.
3. If it breaks around 0.00167, I’ll consider this rally over and won’t fight it.
BTC is still hovering around 75,900, and ETH hasn’t provided any lift either. This is basically doing its own thing.
Those of you who chased yesterday—are you holding out for a second wave, or have you already slipped out? Just my personal take; manage your own positions.
$ONE $BTC $ETH
It was still surging on heavy volume last night. Today it’s up about 68% over 24 hours, trading around 0.00186, after touching 0.00197 in the morning.
Looking at the hourly trading volume: the 7 a.m. candle showed over $2.5 million, but by noon it was down to around $700,000. Volume had nearly halved, while the price was still holding near its highs.
Volume drops, price doesn’t—that’s a pattern I’ve seen too many times.
I did three things first:
1. I won’t chase above 0.00190; if it spikes, I’ll let it go.
2. I’ll watch 0.00170 on a pullback, and only consider a small position if volume keeps contracting.
3. If it breaks around 0.00167, I’ll consider this rally over and won’t fight it.
BTC is still hovering around 75,900, and ETH hasn’t provided any lift either. This is basically doing its own thing.
Those of you who chased yesterday—are you holding out for a second wave, or have you already slipped out? Just my personal take; manage your own positions.
$ONE $BTC $ETH