AERGO recently increased by 17%, and many people followed the trend, but I noticed a strange phenomenon——trading volume plummeted by 93%. This is quite painful because without volume to support the rally, it’s essentially just self-entertainment; no one is genuinely stepping in to buy.
From a technical perspective, it looks decent. The RSI on the 1-hour and 4-hour charts are both in the high zone, appearing strong. The problem is that the 15-minute chart has already started to flatten or even weaken (RSI only at 55), which is a sign that short-term momentum is about to fade. Looking at the MACD, although a golden cross has appeared, the histogram is painfully weak—hardly indicative of a new trend, more like a last struggle of a dying horse.
At this point, the market is shouting to chase the rally, but I tell you, volume-constrained upward moves are often traps.
My stance is very clear: **Wait and see**. The current price of 0.07 USDT is already the intraday high, and there are no solid entry signals. If I were to act, I would need to see real volume come in, and only if the price breaks above the previous high of 0.072 and stabilizes, then I might consider a light follow-up. Conversely, if the volume shrinks and the price falls back below 0.068, it proves the bulls are completely exhausted, and the structure is starting to weaken. Without volume support, any move now is risky, and the potential gains do not outweigh the risks.
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LiquidatedDreams
· 17h ago
The pattern of a volume-constrained surge is seen too often; it's all an illusion.
A rise without volume is just a bait, waiting to be whipped out.
Volume is the real support; without it, everything is useless.
RSI is high but volume is shrinking, isn't that a top signal? Why are people still chasing?
I'm not moving; let's see if 0.072 can hold steady before making any decisions.
This bullish wave looks weak; the golden cross can't even lift it. Forget it.
A volume-constrained rise = a warning of being trapped, here comes another show.
If volume can't pick up, don't expect me to take the risk.
0.07 is already the intraday high; what's next? Very lonely.
Let's wait for volume to pick up before talking; right now, it's all just castles in the air.
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ImpermanentLossEnjoyer
· 17h ago
A 17% increase with decreased volume—this is just the usual operation before cutting the leeks, I've seen it many times.
The volume has already dropped, so what are you still hyping about? This is a false breakout.
I'll talk again when it retraces below 0.068; for now, I won't even touch it.
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LiquiditySurfer
· 17h ago
Overestimating the trick of volume-driven rally is really just a trap
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MoneyBurner
· 17h ago
Shrinking volume rally? Isn't this just the standard move to trap retail investors? 93% of the volume drop and no one is buying, I really laughed.
Wait until it breaks above 0.072, now is not the time.
No volume, no talk of trend, it's all an illusion.
High RSI levels are all fake; I can see that the 15-minute chart is already weakening.
Short-term traps are everywhere, I definitely won't fall for them this time.
If the volume shrinks and drops below 0.068, it's time to accept defeat; the bulls are completely out of power.
A golden cross? MACD bars are almost disappearing, and you still want to fool me?
Chasing the rally just makes you cannon fodder. I’d rather keep my money to buy new issues.
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ZKProofEnthusiast
· 18h ago
A 17% increase on low volume is just ridiculous; no one is buying in at all.
Those following the trend will have to cut losses; let's wait until the volume comes back.
That MACD histogram is so weak, who dares to chase?
Still, wait until it breaks 0.072 before considering; right now, it's just giving away money.
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RadioShackKnight
· 18h ago
The trick of a small-volume rally has been seen too many times. Those who are entering now are all brave warriors.
A 93% drop in trading volume and still trying to push up? That's hilarious.
Wait until it breaks through 0.072 and stabilizes before talking. It's not worth risking now.
This move is just a trap to attract buyers. I choose to lie flat.
AERGO recently increased by 17%, and many people followed the trend, but I noticed a strange phenomenon——trading volume plummeted by 93%. This is quite painful because without volume to support the rally, it’s essentially just self-entertainment; no one is genuinely stepping in to buy.
From a technical perspective, it looks decent. The RSI on the 1-hour and 4-hour charts are both in the high zone, appearing strong. The problem is that the 15-minute chart has already started to flatten or even weaken (RSI only at 55), which is a sign that short-term momentum is about to fade. Looking at the MACD, although a golden cross has appeared, the histogram is painfully weak—hardly indicative of a new trend, more like a last struggle of a dying horse.
At this point, the market is shouting to chase the rally, but I tell you, volume-constrained upward moves are often traps.
My stance is very clear: **Wait and see**. The current price of 0.07 USDT is already the intraday high, and there are no solid entry signals. If I were to act, I would need to see real volume come in, and only if the price breaks above the previous high of 0.072 and stabilizes, then I might consider a light follow-up. Conversely, if the volume shrinks and the price falls back below 0.068, it proves the bulls are completely exhausted, and the structure is starting to weaken. Without volume support, any move now is risky, and the potential gains do not outweigh the risks.