$OP broke through the 0.13 level. A breakout is more reliable when trading volume picks up as the price moves above it. A low-volume surge has a good chance of reversing. Price and volume need to move in tandem to make a convincing signal; an unusual move in a single candlestick doesn’t tell us much.
$Lobster, the biggest decliner among contracts over the past 24 hours: -37.68% Top of the leaderboard: $Lobster -37.68%; $BTW -24.19%; $US -23.14%; TRUTH -20.93%; AIO -19.89% Technically speaking, after such a steep drop, the price is overextended and a technical rebound is likely. However, if the rebound comes without volume, it will most likely be just a pause in the downtrend. Cast your vote in the comments: bullish or bearish?
🛎️ Arthur Hayes: I wouldn’t bet on whether AI will crash; I’d go long on BTC and ETH The comments section will probably be buzzing about this for a while again 🍉 $BTC is currently at 81402.81, down 2.48% over 24h. The news is flooding in every day, while I keep second-guessing my positions.
While scrolling during a bit of downtime, I saw this: MACD formed a death cross after $PEPE 4 hours. Me when I was new to trading: A death cross means it's time to bail! So I sold, but just a few days later it formed a golden cross, and I had to buy back in… Now, when I see a death cross, my first thought is to check where it is: above the zero line. Okay, just a reminder to take a breather. Tell me in the comments: what's the most ridiculous candlestick you've ever seen?