AERGO recently increased by 17%, and many people followed the trend, but I noticed a strange phenomenon——trading volume plummeted by 93%. This is quite painful because without volume to support the rally, it’s essentially just self-entertainment; no one is genuinely stepping in to buy.



From a technical perspective, it looks decent. The RSI on the 1-hour and 4-hour charts are both in the high zone, appearing strong. The problem is that the 15-minute chart has already started to flatten or even weaken (RSI only at 55), which is a sign that short-term momentum is about to fade. Looking at the MACD, although a golden cross has appeared, the histogram is painfully weak—hardly indicative of a new trend, more like a last struggle of a dying horse.

At this point, the market is shouting to chase the rally, but I tell you, volume-constrained upward moves are often traps.

My stance is very clear: **Wait and see**. The current price of 0.07 USDT is already the intraday high, and there are no solid entry signals. If I were to act, I would need to see real volume come in, and only if the price breaks above the previous high of 0.072 and stabilizes, then I might consider a light follow-up. Conversely, if the volume shrinks and the price falls back below 0.068, it proves the bulls are completely exhausted, and the structure is starting to weaken. Without volume support, any move now is risky, and the potential gains do not outweigh the risks.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned