Does anyone else feel like the market is just playing with our emotions at this point?
Looking at this $SUI chart, that wick down to the bottom was a nasty little shakeout. It looks like it flushed out all the weak hands before deciding to finally turn around.
We managed to climb back up and cross that big whole number level, which is a psychological win, but the momentum is starting to look a bit tired on this one hour candle.
We are currently hovering right around a spot where it struggled earlier. If we can't build a solid base here, I wouldn't be shocked to see us drift back down to test the recent support levels.
The volume on the way up was okay, but it's not exactly screaming "moon mission" just yet.
I'm watching the order book closely because there is some sell pressure building up just above us.
If the bulls can't eat through those tasks soon, we might just trade sideways for a while.
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Does anyone else feel like the market is just playing with our emotions at this point?
Looking at this $SUI chart, that wick down to the bottom was a nasty little shakeout. It looks like it flushed out all the weak hands before deciding to finally turn around.
We managed to climb back up and cross that big whole number level, which is a psychological win, but the momentum is starting to look a bit tired on this one hour candle.
We are currently hovering right around a spot where it struggled earlier. If we can't build a solid base here, I wouldn't be shocked to see us drift back down to test the recent support levels.
The volume on the way up was okay, but it's not exactly screaming "moon mission" just yet.
I'm watching the order book closely because there is some sell pressure building up just above us.
If the bulls can't eat through those tasks soon, we might just trade sideways for a while.
#WhyAreGoldStocksandBTCFallingTogether?