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PTB recently increased by 25%, it looks quite lively, but I took a closer look at the market and something doesn't feel right.
Trading volume shrinks extremely fast, with a decline of over 99%. What does this mean? It indicates that the price has little support. As long as a few funds move their fingers, the price can double or halve. In such a situation, the rise is less of a trend and more of a "false prosperity in a liquidity vacuum."
From a technical perspective, it does look interesting—RSI across different timeframes shows strength, with the 4-hour chart even approaching overbought territory. But this is precisely the problem. With extremely low trading volume, a high RSI often signals risk accumulation rather than strong momentum. It's like a car with no gasoline; pressing the accelerator deeper just spins the wheels.
Honestly, how long can this volume-less rally last? I can't make any guarantees. That's why I choose to stay on the sidelines for now.
**My trading plan is as follows:**
Currently, this price has no trading value. I will wait. Wait for what? One of two conditions:
**Entry opportunity**: The price experiences a significant pullback of over -15%, and the 1-hour trading volume recovers to more than 30% of its recent average. Only then is it worth considering going long. Any other upward movement I see as a trap.
**Shorting?**: Not considering it. With such poor liquidity, the risk of trying to top out against the trend is too extreme.
The current data is indeed a bit chaotic, and I can't give precise levels. But the logic of trading is clear—it's much smarter to spot market mispricings than to blindly fight at the wrong prices.