Volume first, price follows? $ARIA — the first thing I noticed today was the volume 📈
• The previous hourly candle’s trading value was 1.2 times the recent average for hourly candles
• Total trading value over the past 24 hours was about 90.14M USDT
• Change so far this hour: +3.15%
• Funding rate: +0.0800%
Volume is still within the normal range, so there’s no need to read too much into a single candlestick for now.
At a point like this, I prefer to assess things in stages. There’s no rush to draw a conclusion; let’s see how the next hourly candle closes.
Do you think this is a continuation or a fakeout? I’ll be watching the long-short ratio in the comments.
(By the way, I’ll use the momentum of $BTC as a reference for overall risk appetite.)
This is solely my personal observation, not investment advice, and no outcome is guaranteed. Crypto assets are highly volatile; please assess the risks for yourself.
• The previous hourly candle’s trading value was 1.2 times the recent average for hourly candles
• Total trading value over the past 24 hours was about 90.14M USDT
• Change so far this hour: +3.15%
• Funding rate: +0.0800%
Volume is still within the normal range, so there’s no need to read too much into a single candlestick for now.
At a point like this, I prefer to assess things in stages. There’s no rush to draw a conclusion; let’s see how the next hourly candle closes.
Do you think this is a continuation or a fakeout? I’ll be watching the long-short ratio in the comments.
(By the way, I’ll use the momentum of $BTC as a reference for overall risk appetite.)
This is solely my personal observation, not investment advice, and no outcome is guaranteed. Crypto assets are highly volatile; please assess the risks for yourself.
