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#1000XEC $1000XEC Started moving in 15m, current price $0.00515, 24h +0.65%.
This recent move is not ordinary volatility. Short-term moved up a bit. First, check if support is sufficient.
But cannot ignore the -0.097% funding rate. Shorts are clearly covering positions. Need further confirmation. If it breaks support, be cautious.
In the chart, one looks at structure, one looks at candlesticks. Don't just look at a single candle.
$0.005021 must not break. If it breaks, risk will spread; $0.005305 is the first level of recovery.