$ACT Quick take on capital flows:
Trading volume was 9.2 times the 20-day average → a large number of shares changed hands near the 60-day high.
A high-volume breakout above the previous high of 0.01249 is usually interpreted in one of two ways: buyers actively swept through the selling pressure at the previous high (bullish), or major holders used the breakout to distribute their shares (bearish). To tell the difference, watch whether the price can hold above the previous high.
At the current price of 0.01192, it hasn’t held above the previous high for now, and signs of the latter scenario are increasing.
#ACT
Just chatting—whether you make or lose money, you have to bear the consequences yourself.
Trading volume was 9.2 times the 20-day average → a large number of shares changed hands near the 60-day high.
A high-volume breakout above the previous high of 0.01249 is usually interpreted in one of two ways: buyers actively swept through the selling pressure at the previous high (bullish), or major holders used the breakout to distribute their shares (bearish). To tell the difference, watch whether the price can hold above the previous high.
At the current price of 0.01192, it hasn’t held above the previous high for now, and signs of the latter scenario are increasing.
#ACT
Just chatting—whether you make or lose money, you have to bear the consequences yourself.