Did you catch that vertical move on $ESP or were you just watching?
That 1H candle is absolutely insane, basically jumping from 0.027 to 0.088 in a heartbeat. It's up over 170% today which usually means a heavy cooldown is coming. Looking at the price action now, it's starting to bleed a little from that 0.0888 peak. It needs to find a floor fast. If it can't stay above 0.075, we might see a fast trip back down to the 0.065 area. Volume is huge at 356M, but the order book is looking a bit heavy on the sell side right now. I wouldn’t touch this with a market order here. Better to wait for it to stop shaking and see where the actual support develops.
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Did you catch that vertical move on $ESP or were you just watching?
That 1H candle is absolutely insane, basically jumping from 0.027 to 0.088 in a heartbeat. It's up over 170% today which usually means a heavy cooldown is coming.
Looking at the price action now, it's starting to bleed a little from that 0.0888 peak. It needs to find a floor fast. If it can't stay above 0.075, we might see a fast trip back down to the 0.065 area.
Volume is huge at 356M, but the order book is looking a bit heavy on the sell side right now. I wouldn’t touch this with a market order here. Better to wait for it to stop shaking and see where the actual support develops.
#NFPBeatsExpectations