ON contract side, first look at the hard data. Specifically: you need to look at the price drop and the trading volume together to know whether it’s a panic sell. The previous full 5m candle was -5.80%. Current price is 0.1512. In the last 24h, the volume is 7.4349 million. VWAP is above 0.143256, and the volume is 2.3x.
Whether the pullback can hold above VWAP at 0.143256: after the volume expands to 2.3x, will it immediately retreat; if the bounce fails to take hold, weakness will likely continue; if it holds, then there is a chance for a repair.
#ON #Anomaly Alert
Whether the pullback can hold above VWAP at 0.143256: after the volume expands to 2.3x, will it immediately retreat; if the bounce fails to take hold, weakness will likely continue; if it holds, then there is a chance for a repair.
#ON #Anomaly Alert