So guys, take a look at the latest data on $CROSS
We can see the Open Interest chart, and OI is now around $4.9M, up around 214% in the last 24 hours. Price has also moved strongly while OI increased sharply.
Another interesting part is the positioning.
Around 52% of traders are long, while around 48% are short on the short-term timeframes. So the market is slightly leaning long right now.
Funding is also positive at around +0.01%, showing that longs are currently paying shorts.
This is where the market psychology becomes interesting.
Since more traders are already long, I think $CROSS could see a short-term correction first as some longs take profit. After this short-term correction, we could see another strong move higher.
NFA. DYOR.
We can see the Open Interest chart, and OI is now around $4.9M, up around 214% in the last 24 hours. Price has also moved strongly while OI increased sharply.
Another interesting part is the positioning.
Around 52% of traders are long, while around 48% are short on the short-term timeframes. So the market is slightly leaning long right now.
Funding is also positive at around +0.01%, showing that longs are currently paying shorts.
This is where the market psychology becomes interesting.
Since more traders are already long, I think $CROSS could see a short-term correction first as some longs take profit. After this short-term correction, we could see another strong move higher.
NFA. DYOR.
