The market is range bound for XRP so I have to get out of the position. Here is the detailed analysis done by the bot. You can also get this kind of analysis for better analysis of your trade.botLink in my X post @SMC_crypto_96.
Fundamental Analysis: XRPUSDT
Period: Last 1 Hour
1. Taker Buy/Sell Ratio (Spot)
Taker Buy: 41.70%
(last 2 x 1h candles)
2. Funding Rate (Futures)
Rate: 0.0032%
Mark Price: $1.31
3. Open Interest Change (1 Hour)
Change: +0.05%
Price Change: +0.14%
4. Long/Short Ratio (Futures)
Long: 74.7% Short: 25.3%
Ratio: 2.96
5. Futures Basis (vs Spot)
Basis: -0.047%
6. Fear & Greed Index (Market-wide)
55/100 (Greed)
7. TOTAL MARKET SCORE: NEUTRAL / MIXED (score: -1)
- Money flow: BEARISH (taker buy 41.7%, score -1)
- Funding: BALANCED (0.0032%, score +0)
- OI+Price: BALANCED (Consolidation) (score +0)
- Long/Short: BEARISH (contrarian - watch for exhaustion/short setups) (ratio 2.96, score -1)
- Basis: FLAT (-0.047%)
- Fear & Greed: 55 (Greed, score +1)
Fundamental Analysis: XRPUSDT
Period: Last 1 Hour
1. Taker Buy/Sell Ratio (Spot)
Taker Buy: 41.70%
(last 2 x 1h candles)
2. Funding Rate (Futures)
Rate: 0.0032%
Mark Price: $1.31
3. Open Interest Change (1 Hour)
Change: +0.05%
Price Change: +0.14%
4. Long/Short Ratio (Futures)
Long: 74.7% Short: 25.3%
Ratio: 2.96
5. Futures Basis (vs Spot)
Basis: -0.047%
6. Fear & Greed Index (Market-wide)
55/100 (Greed)
7. TOTAL MARKET SCORE: NEUTRAL / MIXED (score: -1)
- Money flow: BEARISH (taker buy 41.7%, score -1)
- Funding: BALANCED (0.0032%, score +0)
- OI+Price: BALANCED (Consolidation) (score +0)
- Long/Short: BEARISH (contrarian - watch for exhaustion/short setups) (ratio 2.96, score -1)
- Basis: FLAT (-0.047%)
- Fear & Greed: 55 (Greed, score +1)