HOME This drop is the most counterintuitive part: the more panic there is, the more you should check whether the sell pressure is about to be exhausted.
Binance USDT-margined Perpetuals｜HOME Past 24 hours -18.82%; weakness remains. Before repairing, first look to see whether sell pressure is converging. Current price is about 0.007289, with 24h trading volume around 36.5745 million; absolute trading volume is not the same as relative volume expansion.
Order flow: short accounts make up 56%; active buy/sell ratio is 0.78 (active sell orders are dominant); 30m open interest +1.4%; funding rate -0.3999%.
Reference indicators: 30m RSI 17.14 is already oversold, suggesting short-term panic is leaning toward being saturated; the 30m ATR trend reference level is 0.007778—since the current price has fallen below the reference level, it indicates that the trend support level is starting to come under pressure.
The disagreement here is very specific: some people expect it to break down further, while others expect a panic-driven recovery. I’m more interested in whether the active buy/sell ratio of 0.78 can get back above 1. If it doesn’t, even a fast rebound is likely to turn into only a weak recovery.
#HOME #Anomaly Alert
Binance USDT-margined Perpetuals｜HOME Past 24 hours -18.82%; weakness remains. Before repairing, first look to see whether sell pressure is converging. Current price is about 0.007289, with 24h trading volume around 36.5745 million; absolute trading volume is not the same as relative volume expansion.
Order flow: short accounts make up 56%; active buy/sell ratio is 0.78 (active sell orders are dominant); 30m open interest +1.4%; funding rate -0.3999%.
Reference indicators: 30m RSI 17.14 is already oversold, suggesting short-term panic is leaning toward being saturated; the 30m ATR trend reference level is 0.007778—since the current price has fallen below the reference level, it indicates that the trend support level is starting to come under pressure.
The disagreement here is very specific: some people expect it to break down further, while others expect a panic-driven recovery. I’m more interested in whether the active buy/sell ratio of 0.78 can get back above 1. If it doesn’t, even a fast rebound is likely to turn into only a weak recovery.
#HOME #Anomaly Alert