The selling pressure on the premium index of a specific platform has halved, but is this enough? Not yet.
For a permanent price movement to be seen, it is essential for the index to turn positive. For example, if the index turns green while the price is falling or consolidating, then a solid ground has been established for the market to recover. Right now, we only see that the selling momentum has slowed down; it is still early for a real reversal.
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GasFeeAssassin
· 11-20 16:24
Halving of selling pressure sounds good, but this guy is not wrong, it's far from enough.
The real rebound depends on when the indicators turn green; right now, it's just taking a breather.
Only when the indicators truly turn around can we say, "Alright, we can look for bullish trends now."
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InfraVibes
· 11-19 18:59
What does it matter if the pressure is reduced by half? It still depends on whether the index turns positive.
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FlashLoanPrince
· 11-19 18:59
It is still too early; just looking at the selling pressure Halving is simply not enough. We have to wait until the index really turns positive for it to count.
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SelfCustodyIssues
· 11-19 18:58
The Halving of pressure does not mean that a Rebound is coming, I agree on this point. It is a bit too early to say that we are at the bottom.
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WhaleWatcher
· 11-19 18:44
Uh, if the pie chart turns red, can it rebound? I'm not so sure, it also depends on whether the trading volume is supportive.
The selling pressure on the premium index of a specific platform has halved, but is this enough? Not yet.
For a permanent price movement to be seen, it is essential for the index to turn positive. For example, if the index turns green while the price is falling or consolidating, then a solid ground has been established for the market to recover. Right now, we only see that the selling momentum has slowed down; it is still early for a real reversal.