🚨 IDOL once plunged 45.6% in 1 hour, but has now rebounded 10.8% in 5 minutes! However, it’s still down 20.3% over 24H, and volatility is through the roof.
But what’s really strange is that trading volume has surged to 15 times its previous level, while OI has increased by 8%. Retail sentiment is still 1.7 times more bearish. The rebound is real, and so is the disagreement.
📊 What does this mean? Bears are afraid of being squeezed out, while bulls are afraid of missing out. But chasing the rebound now could mean buying right at the point of peak sentiment.
🎯 Key levels (discussed in the original; data needs verification):
Bulls are watching 0.0245–0.0285, with a target of 0.036; bears are watching 0.019245, and EMA20 is around 0.0238.
My take: I’d stay cautious in the short term. A rebound doesn’t mean a reversal. Only if it holds above 0.0285 and volume continues to rise could 0.036 come into view; if the rally fails, watch out for another pullback.
Do you think IDOL will rebound to 0.036, or fall back to 0.019245? 👇
#IDOL #Short-termTrading
But what’s really strange is that trading volume has surged to 15 times its previous level, while OI has increased by 8%. Retail sentiment is still 1.7 times more bearish. The rebound is real, and so is the disagreement.
📊 What does this mean? Bears are afraid of being squeezed out, while bulls are afraid of missing out. But chasing the rebound now could mean buying right at the point of peak sentiment.
🎯 Key levels (discussed in the original; data needs verification):
Bulls are watching 0.0245–0.0285, with a target of 0.036; bears are watching 0.019245, and EMA20 is around 0.0238.
My take: I’d stay cautious in the short term. A rebound doesn’t mean a reversal. Only if it holds above 0.0285 and volume continues to rise could 0.036 come into view; if the rally fails, watch out for another pullback.
Do you think IDOL will rebound to 0.036, or fall back to 0.019245? 👇
#IDOL #Short-termTrading