Attention, traders! 🚨 Let's take a look at $HUMA /USDT, which opened today with a -20.07%... a drop that does not go unnoticed! 📉
We see that the current price is $0.04346, quite far from its high of $0.05568 in the last 24 hours. The 24h low was $0.04218, which gives us an idea of the recent volatility.
Now, the important part: the moving averages are giving us signals. The MA(7) is at $0.04348 and the MA(25) at $0.04462. We are below both, which reinforces the short-term bearish trend. Be aware that the MA(99) is at $0.04771, a key level if we want to see a change in direction!
The 24h HUMA volume is 669.95M, quite decent, but the USDT volume is 31.60M, indicating that there is interest, but the selling pressure is dominant right now.
The order book shows a slightly higher supply than demand (41.13% vs 58.87% in offers), which also supports the idea that sellers are in control. This is where manipulation can play its cards, trying to push the price further down to sweep liquidity before a possible bounce! We need to be attentive to those "stops" so that we don't get caught.
What to expect? With this pullback, it is possible that the price seeks to consolidate in the area of $0.04218 (24h low) or even lower if the selling pressure continues. A bounce from there could be an interesting opportunity for the more daring, but always with risk management!
For HODLers, patience is key. For those looking for entries, wait for confirmation of a trend change or a clear absorption of the supply. Don't let yourself be carried away by FOMO or FUD! The market is a game of chess, and the big players are moving their pieces.
Keep your eyes wide open and trade wisely!
