Red alert, traders! 🚨 $STRAX /USDT is experiencing a day of extreme volatility, but watch out for what we see! With a +9.20% in the current price ($0.04924), it seems there is some optimism, but the data tells us another story.
In the 15-minute chart, we see an attempt at a bullish rally that took STRAX up to $0.05500, but the correction was almost immediate. Right now, it is moving near the MA(7) at $0.04918, suggesting an unstable equilibrium point. The volume has been considerable, but the selling strength has been more noticeable in the recent moves.
Analyzing the money flow, the last 5 days have been brutal, with a net outflow of -14.08M. And the last red bar in the 24-hour money flow is a -13.60M! This indicates massive and aggressive selling. The money inflows in 24 hours also show a significant drop in the last hours, confirming the capital outflow.
The order distribution is concerning: sales outnumber purchases in all categories, with a total of 8.34M in sales versus 5.87M in purchases. The large sell orders are almost double those of buy orders. This, along with the money flow, screams market manipulation. It seems they are pushing the price down, perhaps to accumulate cheaper or to liquidate positions.
My advice here is extreme caution. While there may be a small bounce, the overall trend and money flow are very bearish. This could be a false pump before a major correction. Riskier traders might look for a short-term bounce, but HODL here with a cool head and risk management. It could be a trap!
