$AIO is up 39%, but I'm leaning bearish here.
OLAXBT just pushed toward $0.0509 after a sharp 4H breakout.
Volume reached $3.06M. Social mindshare jumped 71.53%.
That's a lot of attention in a short time.
But this rally looks overheated to me.
I'm watching $0.0509 for rejection. If buyers lose $0.048, a pullback toward $0.040 looks possible.
A clean break above $0.0509 would weaken my bearish view.
I'm not chasing this candle. Are we seeing a breakout or a local top?
OLAXBT just pushed toward $0.0509 after a sharp 4H breakout.
Volume reached $3.06M. Social mindshare jumped 71.53%.
That's a lot of attention in a short time.
But this rally looks overheated to me.
I'm watching $0.0509 for rejection. If buyers lose $0.048, a pullback toward $0.040 looks possible.
A clean break above $0.0509 would weaken my bearish view.
I'm not chasing this candle. Are we seeing a breakout or a local top?
