I see a huge vertical movement on $MANTRA today, but are we facing a lunar mission or a massive liquidity takeover?
This 1-day chart is essentially a huge green candle. We are above 45%, sitting at 0.02428, and the volume is absolutely astonishing at 2.52 billion. Usually, when you see such a vertical line, the "gap" it leaves acts as a magnet for correction. The resistance is currently testing near the local high at 0.02705. If it cannot break above that and hold, I wouldn't be surprised to see a quick retracement toward the 0.01900 level to fill some of that fair value gap. Buying here is high risk. I’m waiting to see if it settles at these peaks or if the air escapes from the balloon.
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I see a huge vertical movement on $MANTRA today, but are we facing a lunar mission or a massive liquidity takeover?
This 1-day chart is essentially a huge green candle. We are above 45%, sitting at 0.02428, and the volume is absolutely astonishing at 2.52 billion. Usually, when you see such a vertical line, the "gap" it leaves acts as a magnet for correction.
The resistance is currently testing near the local high at 0.02705. If it cannot break above that and hold, I wouldn't be surprised to see a quick retracement toward the 0.01900 level to fill some of that fair value gap.
Buying here is high risk. I’m waiting to see if it settles at these peaks or if the air escapes from the balloon.