Let’s talk about this kind of move, like $AIOT , where a surge in volume pushes the price above its six-month high. I generally don’t pay much attention to the day itself; I focus more on the following day.
The reasoning is simple: everyone can see that the volume was 3.3 times higher that day. With a genuine breakout, the price generally stays above 0.1224 the next day; with a false breakout, it falls back within a day or two.
The current price is 0.1251. I’ll make a note of it and check again tomorrow or the day after. Feel free to share any details you’ve noticed.
#AIOT
The reasoning is simple: everyone can see that the volume was 3.3 times higher that day. With a genuine breakout, the price generally stays above 0.1224 the next day; with a false breakout, it falls back within a day or two.
The current price is 0.1251. I’ll make a note of it and check again tomorrow or the day after. Feel free to share any details you’ve noticed.
#AIOT
