Effort VS result in the recent drop

11월 12일

Took DOGEUSDT as an exapmple but can be applied to other crypto tickers like BTCUSD


Look at the average volume in the past 8hrs and look at the outlier. A lot of sell volume effort has been made and the result is a long wicked candle.

Meaning the buy pressure is still here, many had limit orders waiting.
Meaning the effort is inconsistent with the result
Meaning the downward continuation should not be possible.