I'm still bearish overall, waiting for a big drop.
Comment:
Notice the two red volume candles roughly 1k each and a green volume with 2k.
Doing a simple math, what was bought there has already been sold, so the price shouldn't stay where it is now. It is probably inflated and does not reflect the actual price. Just as I'm writing this I also see more and more red candles forming.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Doing a simple math, what was bought there has already been sold, so the price shouldn't stay where it is now. It is probably inflated and does not reflect the actual price. Just as I'm writing this I also see more and more red candles forming.