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Three prices: 691.13, 739.28, and 778.45.


· 691.13 was the candle from the night of 11-09, with 3.8x volume. After that wick, price never came back.
· 739.28 was the candle at 22:00 on 11-10, which sparked the move on 4x volume and closed here.
· 778.45 was the candle just now, with only 0.34x volume.
· Over 48 hours, price rose from 691 to 778, up 12.6 points, with each low higher than the last.
· Here’s my hypothesis: this rally was bought up, not pushed up.
· Criterion one: the candle making a new high had only one-third the average volume of the past 48 candles.
· Criterion two: the candle with real volume was at 739, still 36 below the current price.
The hypothesis doesn’t hold. More are riding the rally than pushing the price up.
So at $MU 775.35, I’m not chasing.
I’ll follow if 778.45 is reclaimed on volume above 1.5x; if price falls back to the 747 line, I’ll reassess.
(Not investment advice. You are responsible for your own gains and losses)
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MUMU-0.63%

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Comment 4
Flamingo front view
Pink doesn’t mean a bubble, but this volume really isn’t pink enough.
0xLateDinner
The late-night snack has gone cold, and volume still hasn’t picked up.
FlashLoanNinja
The flash loan liquidation point may be below 747.
VoiceRoomDJ
Volume has dried up so much, even the music won’t play anymore.