A 138.7% move in 24 hours for $ONE , printing the high of the day at 0.00430.
$53M of volume is behind it, but the RSI is now reading 84. That's a vertical chart, and price is extended far from its 20-day EMA of 0.00274.
The desk's read is simple: you don't chase this. An RSI that high usually means a retrace is coming before any potential next leg. We are hands-off here.
Is this a bull flag printing or just exit liquidity for early buyers?
$ONE
New reads post through the day. Follow so you don't miss the next one.
$53M of volume is behind it, but the RSI is now reading 84. That's a vertical chart, and price is extended far from its 20-day EMA of 0.00274.
The desk's read is simple: you don't chase this. An RSI that high usually means a retrace is coming before any potential next leg. We are hands-off here.
Is this a bull flag printing or just exit liquidity for early buyers?
$ONE
New reads post through the day. Follow so you don't miss the next one.
