The 1-hour K-line is up 0.4% as completed, but the 24 completed 1-hour K-lines are down 9.8%: Is this rebound repairing the damage, or just a pause in a downward trend?
As of 10:09, $ONDS is quoted at 9.090 USDT, down 10.0% over the past 24 hours.
24 completed 1-hour K-lines are down 9.8%.
An 1-hour gain of 0.4% alongside a 4-hour decrease of 3.8% suggests that the short-term rebound happened against a backdrop of falling open contracts.
The account long/short ratio is 2.26, and the top traders’ position ratio is 0.89. With 24 completed 1-hour K-lines down 9.8%, this indicates a divergence between the account and the top positions.
The funding rate is zero, with no paid direction (0.0000%).
I think that when the 1-hour up 0.4% and the 4-hour down 3.8% happen at the same time, the short-term rebound looks more like repair amid deleveraging. The discrepancy between the account long/short ratio of 2.26 and the top traders’ position ratio of 0.89 also suggests that the directional disagreement hasn’t been resolved.
If the 15-minute close falls below 8.890, it will support the current weaker interpretation.
If the 15-minute close rises above 9.080, it will overturn the current weaker interpretation.
Do you see this short-term rebound as a repair of the downtrend, or do you think the divergence is still not resolved?
$ONDS #美股 #long-short data
As of 10:09, $ONDS is quoted at 9.090 USDT, down 10.0% over the past 24 hours.
24 completed 1-hour K-lines are down 9.8%.
An 1-hour gain of 0.4% alongside a 4-hour decrease of 3.8% suggests that the short-term rebound happened against a backdrop of falling open contracts.
The account long/short ratio is 2.26, and the top traders’ position ratio is 0.89. With 24 completed 1-hour K-lines down 9.8%, this indicates a divergence between the account and the top positions.
The funding rate is zero, with no paid direction (0.0000%).
I think that when the 1-hour up 0.4% and the 4-hour down 3.8% happen at the same time, the short-term rebound looks more like repair amid deleveraging. The discrepancy between the account long/short ratio of 2.26 and the top traders’ position ratio of 0.89 also suggests that the directional disagreement hasn’t been resolved.
If the 15-minute close falls below 8.890, it will support the current weaker interpretation.
If the 15-minute close rises above 9.080, it will overturn the current weaker interpretation.
Do you see this short-term rebound as a repair of the downtrend, or do you think the divergence is still not resolved?
$ONDS #美股 #long-short data