That move to 0.190 was completely faded back to 0.165. Now price is pinned to its EMA20.
$166M in volume just to print a huge upper wick. That's not strength. It's a rejection.
I see this as distribution. If the EMA50 at 0.157 breaks, the entire move was exit liquidity.
$ENA
$166M in volume just to print a huge upper wick. That's not strength. It's a rejection.
I see this as distribution. If the EMA50 at 0.157 breaks, the entire move was exit liquidity.
$ENA
