THE/USDT on Binance. Here are the key points:
1. Current price and change:
The current price is 3.0316 USDT and has seen a significant positive change of +1,702.38%, indicating high volatility.
2. Order book:
• Supply (green): Represents the prices at which traders are willing to sell. There is notable volume at low prices, for example, 2.3 - 2.6 USDT, indicating interest in closing positions at these levels.
• Demand (red): Shows the prices at which buyers are interested in purchasing. There are buying levels concentrated at 3.6 - 4.0 USDT.
3. Balance of power (top bar):
• 40.40% (green): Represents the volume of supply compared to demand.
• 59.60% (red): Shows slightly higher buying pressure.
4. Extreme volatility:
Such a drastic rise in a short time may indicate:
• A speculative event or relevant news affecting the pair.
• Possibility of manipulation if volume does not support the movement.
5. Trading advice:
• If you are in the market, beware of sharp drops typical after abrupt rises. Consider setting a stop loss to protect profits.
• If you are out, avoid buying at such high overbought levels without further analysis of the project $THE