HUGE - a better look at the trend
This is an update of my previous idea on HUGE.
As you can see it was a bubble, went 5X and then corrected steeply.
Now trading in a tight range. Has tested the support 3 times... bit worried that support will break as more buyers are absorbed.
Huge volume on this candle but that wasn't enough to see an uptrend the last time there was major volume.
All in all, one to watch but not looking for an entry right now, a rather muddy chart for me.
As you can see it was a bubble, went 5X and then corrected steeply.
Now trading in a tight range. Has tested the support 3 times... bit worried that support will break as more buyers are absorbed.
Huge volume on this candle but that wasn't enough to see an uptrend the last time there was major volume.
All in all, one to watch but not looking for an entry right now, a rather muddy chart for me.
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