1h volume is running at 0.11x its 20-candle average. Price is sitting at 93.5% of the 4h range.
Those two facts do not belong on the same chart. The 4h EMA stack is bullish, 9 over 21 over 50, and the day is +9.69% on $52.4M of turnover. But the last hour of that advance was made by almost nobody — a tenth of normal participation, at the top of the move.
146.20 is where $SPCXB is decided — 35 measured touches on the 15m. Hold it and 153.04, a level touched 41 times on the 4h, is the next real wall. Lose it and 145.60 is the only step before the 136.45 shelf that has held 62 times.
The part most people skip: 1h RSI is 77.6, but daily range position is still 33.4%. The bounce is loud. The recovery is not. Price went up. Participation did not.
Next to $BTC and $ETH this is a thin book — a 9.69% day on $52M of turnover moves fast in both directions.
Which do you trust more, the candle or the volume under it?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Those two facts do not belong on the same chart. The 4h EMA stack is bullish, 9 over 21 over 50, and the day is +9.69% on $52.4M of turnover. But the last hour of that advance was made by almost nobody — a tenth of normal participation, at the top of the move.
146.20 is where $SPCXB is decided — 35 measured touches on the 15m. Hold it and 153.04, a level touched 41 times on the 4h, is the next real wall. Lose it and 145.60 is the only step before the 136.45 shelf that has held 62 times.
The part most people skip: 1h RSI is 77.6, but daily range position is still 33.4%. The bounce is loud. The recovery is not. Price went up. Participation did not.
Next to $BTC and $ETH this is a thin book — a 9.69% day on $52M of turnover moves fast in both directions.
Which do you trust more, the candle or the volume under it?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.