0.00197 was the hurdle. $ONE ran into it three times today: at 7 a.m., 1 p.m., and 4 p.m.—and was pushed back each time. Just now, the 6 p.m. 1-hour candle broke straight through and touched 0.00206.
I’m bullish, and the reasons are all in the futures data:
Open interest value has climbed from around 2.5 million U yesterday at 1 p.m. to around 12 million U now. It increased by 1.3 million U in just the past hour. Open interest didn’t fall off during the few hours when the price was grinding sideways.
The other side is even more interesting: the account long/short ratio is 0.77, meaning more accounts are opening shorts than longs. The funding rate was still negative at the 4 p.m. settlement, and the current live rate is also hovering around -0.005%. New price highs, negative funding, and a majority of accounts short—when this setup moves up, the fuel is short positions.
24-hour volume is 360 million U. This isn’t a small-cap coin pumping with nobody trading it.
My view is straightforward: 0.00197–0.00198 has turned from resistance into support. As long as the price stays above it, I’ll remain bullish. Risk level: 0.00190. If it breaks below that, I’m out—no need to fight it. First, let’s see whether it can take out the new high at 0.00206.
Are you holding longs or shorts right now? If you’re short, how long are you planning to hold?
#ONE #山寨币异动 #FuturesData
I’m bullish, and the reasons are all in the futures data:
Open interest value has climbed from around 2.5 million U yesterday at 1 p.m. to around 12 million U now. It increased by 1.3 million U in just the past hour. Open interest didn’t fall off during the few hours when the price was grinding sideways.
The other side is even more interesting: the account long/short ratio is 0.77, meaning more accounts are opening shorts than longs. The funding rate was still negative at the 4 p.m. settlement, and the current live rate is also hovering around -0.005%. New price highs, negative funding, and a majority of accounts short—when this setup moves up, the fuel is short positions.
24-hour volume is 360 million U. This isn’t a small-cap coin pumping with nobody trading it.
My view is straightforward: 0.00197–0.00198 has turned from resistance into support. As long as the price stays above it, I’ll remain bullish. Risk level: 0.00190. If it breaks below that, I’m out—no need to fight it. First, let’s see whether it can take out the new high at 0.00206.
Are you holding longs or shorts right now? If you’re short, how long are you planning to hold?
#ONE #山寨币异动 #FuturesData
