The 4h candle that carried SPCXB traded 5.65x its 20-period average volume. The 15m candle that followed traded 0.46x.
Price sits at 97% of its 1h range with RSI at 81. The EMA stack is bullish on 15m, 1h and 4h. That is a real trend, and it is also a trend running on a thinning bid.
135.86 is where $SPCXB is decided — 65 measured touches on the 1h. Hold it and the impulse still owns the tape. Lose 132.23 and the 40 touches beneath it become the next argument.
The uncomfortable part: the move already happened. Volume is contradicting price into the high, and on the daily this is still only 22.4% of a range that tops at 229.94.
$BTC is the tell. Quiet majors are what let a 9.59% single-name move run this far. Majors moving takes that oxygen back.
Which do you trust here — the 5.65x that got it up, or the 0.46x holding it there?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price sits at 97% of its 1h range with RSI at 81. The EMA stack is bullish on 15m, 1h and 4h. That is a real trend, and it is also a trend running on a thinning bid.
135.86 is where $SPCXB is decided — 65 measured touches on the 1h. Hold it and the impulse still owns the tape. Lose 132.23 and the 40 touches beneath it become the next argument.
The uncomfortable part: the move already happened. Volume is contradicting price into the high, and on the daily this is still only 22.4% of a range that tops at 229.94.
$BTC is the tell. Quiet majors are what let a 9.59% single-name move run this far. Majors moving takes that oxygen back.
Which do you trust here — the 5.65x that got it up, or the 0.46x holding it there?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.