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$XPIN One massive-volume bullish candle punched straight through the moving average cluster, closing at 0.000783
Trading volume was 8.7 times higher, and on the 15m chart, nothing else shines as brightly.
But only 5 of 7 conditions have lit upโthe remaining 2 are red lights on higher timeframes that are deliberately staying off ๐
The bulls are already calling a reversal.
The bears just smirk: on the 1h, 4h, and 1d charts, price is still slumped below the moving averages. This is called โa bounce,โ not a reversal.
โ ๏ธ BTC is falling. ETH is falling.
An altcoin printing a massive bullish candle at a moment like this looks more like a last gasp before getting crushed.
๐ชฆ Calling a reversal after one high-volume bullish candle? Thatโs just handing the shorts who got in earlier an easy win.
Iโm watching 0.000740.
Only if price holds on a retest and the 1h chart stays above the moving average cluster will I seriously consider the words โgo long.โ
Which side are you on after this massive bullish candle?
โ ๏ธ Technical analysis is for reference only and does not constitute investment advice
#XPIN $XPIN