A 5.70% drop doesn’t hurt; a volume ratio of 1.71 does.
Selling pressure is driving it down on heavy volume, which means someone is unloading, and the buyers stepping in are still nervous.
At 1,935, stay away unless volume dries up. Then we can talk.
That’s price-volume divergence: price is falling while volume is rising. The people who chased the highs know it best.
I treat the Fear & Greed Index at 20 as background noise. I don’t let it make decisions for me.
Once that low-volume candle appears, I’ll lay out the volume chart tomorrow and walk you through it.
Selling pressure is driving it down on heavy volume, which means someone is unloading, and the buyers stepping in are still nervous.
At 1,935, stay away unless volume dries up. Then we can talk.
That’s price-volume divergence: price is falling while volume is rising. The people who chased the highs know it best.
I treat the Fear & Greed Index at 20 as background noise. I don’t let it make decisions for me.
Once that low-volume candle appears, I’ll lay out the volume chart tomorrow and walk you through it.
