$COW: Prices are falling, but I'm starting to be wary of people chasing shorts.
Just now I glanced at the data, and there was one point that caught my attention.
Price has been dropping, but the big players' long/short positioning ratio is still at 1.10.
That means the group with the heaviest positions is still leaning toward the long side.
They haven't left.
There are two possibilities here.
First:
The big players made a mistake in judgment, and next they may be forced to cut losses, with the price accelerating further downward.
Second:
The big players know something we don't. They're waiting for a certain level.
After retail traders have all been stopped out and exited, then they'll push upward.
If it's the second case, then those chasing shorts right now could actually become fuel.
So for now, I’m only watching the 0.1155 level.
Break below it, and if OI is still rising → it means new shorts are entering, and you can start paying attention to short opportunities.
Hold the level, and if buy orders come back → the big players' logic might be correct, and chasing shorts should be careful.
Right now, I’m not guessing the direction.
Let the market tell me the answer first.
What do you think about this level?
Click the card below to quickly check the market👇
Just now I glanced at the data, and there was one point that caught my attention.
Price has been dropping, but the big players' long/short positioning ratio is still at 1.10.
That means the group with the heaviest positions is still leaning toward the long side.
They haven't left.
There are two possibilities here.
First:
The big players made a mistake in judgment, and next they may be forced to cut losses, with the price accelerating further downward.
Second:
The big players know something we don't. They're waiting for a certain level.
After retail traders have all been stopped out and exited, then they'll push upward.
If it's the second case, then those chasing shorts right now could actually become fuel.
So for now, I’m only watching the 0.1155 level.
Break below it, and if OI is still rising → it means new shorts are entering, and you can start paying attention to short opportunities.
Hold the level, and if buy orders come back → the big players' logic might be correct, and chasing shorts should be careful.
Right now, I’m not guessing the direction.
Let the market tell me the answer first.
What do you think about this level?
Click the card below to quickly check the market👇