1. Basic market information:
Current price: $2.126
Change rate: +0.76% at the current moment
Highest price in 24 hours: $2.248
Lowest price in 24 hours: $2.106
24-hour trading volume: 3.69 million USDT
Contract funding (Funding): 0.0050% (Positive = interest for short sellers)
2. Data of the last candle (14:00 on May 13, 2025):
Open: 2.122
High: 2.164
Low: 2.122
Close: 2.126
Variable rate during the hour: +0.09%
Volatility range (AM): 1.98%
3. Technical notes on the chart:
There is a candle with a very long upper wick, reaching 2.248, indicating strong selling pressure after a rapid rise (possibly due to a large buy order or liquidity trap).
The price is currently rebalancing near the 2.12–2.13 area, suggesting temporary support at this level.
The successive green candles at the beginning of the movement reflect a short-term upward wave, followed by red candles indicating the beginning of a correction or profit-taking.
Trading volume (Volume):
ZKJ: 188.236K
USDT: 401.445K
This confirms significant activity during this period.
4. Additional readings:
No data on moving averages (MA7, MA25, MA99) indicating that complete technical analysis is not possible without enabling indicators.
A sudden rise with a rapid price drop may indicate:
Real-time news affected the market.
Execution of stop-loss orders or large buy orders (Stop-hunt).
Possible price manipulation or what is known as a "spike" in medium liquidity futures markets.
5. Recommendations (not investment advice):
For the day trader (Scalper): Watch level 2.12 as support, and 2.16 as the first resistance area.
For the medium trader: Wait for a clear breakout in either direction before entering.
Potential stop loss level: below 2.10 with a strong closing candle.