$TRUTH This move has been driven up a full 50%, and the funniest thing on the charts is that the long/short ratio has dropped to 0.66.
Six out of ten accounts across the network are stubbornly piling into shorts.
The funding rate has gone negative, so shorts are paying interest every day while taking a beating.
Take a look at the 15-minute chart: after a deep wick down, it can reclaim the losses and break above the previous high within minutes.
Volume hasn’t really picked up, but money keeps flowing in, which means fewer and fewer people are willing to sell.
Pushing the price higher from here won’t take much effort from the big players.
Once these stubborn shorts get stopped out in a cascade, they’ll be ready-made fuel for a move up.
#9月CPI来袭原油美债走势如何 #TRUTH $TRUTH #BTW $BTW 👇
Six out of ten accounts across the network are stubbornly piling into shorts.
The funding rate has gone negative, so shorts are paying interest every day while taking a beating.
Take a look at the 15-minute chart: after a deep wick down, it can reclaim the losses and break above the previous high within minutes.
Volume hasn’t really picked up, but money keeps flowing in, which means fewer and fewer people are willing to sell.
Pushing the price higher from here won’t take much effort from the big players.
Once these stubborn shorts get stopped out in a cascade, they’ll be ready-made fuel for a move up.
#9月CPI来袭原油美债走势如何 #TRUTH $TRUTH #BTW $BTW 👇