$SPCX The perpetual contract has some movement this time. The changes in position and the direction of market orders should be aligned with the price.
On the 15m chart, price is up +1.07%, while open interest is up +4.25%. This currently looks more like a “bullish add-on”: the longs are taking action, but the trades haven’t fully pushed through with strong intensity yet—so observe with a slightly bullish bias for now.
Aggressive buys make up 54.4%, and the market orders are fairly balanced. The long-to-short participant ratio is 1.21; sentiment is leaning in that direction, but it’s not yet extreme.
At this level, wait for confirmation. Open interest has moved, but the buy side hasn’t really carried the momentum through.
On the 15m chart, price is up +1.07%, while open interest is up +4.25%. This currently looks more like a “bullish add-on”: the longs are taking action, but the trades haven’t fully pushed through with strong intensity yet—so observe with a slightly bullish bias for now.
Aggressive buys make up 54.4%, and the market orders are fairly balanced. The long-to-short participant ratio is 1.21; sentiment is leaning in that direction, but it’s not yet extreme.
At this level, wait for confirmation. Open interest has moved, but the buy side hasn’t really carried the momentum through.