$BCH Now 212, after grinding for a week, the script finally got changed once. From 216 down to 203, in one breath, it filled back more than half within a day.
On the money side, this time it really came back. In the spot market, over three hours there were twelve candlesticks and not a single one was negative; net inflow broke one million. The position size piled up more than twenty percent in a single day. The big players are still adding to longs—breakout doesn’t look fake.
But the problem is right here. The price started to soften right after the day’s high. As soon as the fifteen-minute candle flipped negative, the large orders directly went to zero. On the contracts side, buy orders were left at only forty percent—everything was selling.
The leverage long/short ratio dropped by ninety percent within twelve hours. The funding rate had only barely managed to turn positive, but this money doesn’t feel steady under it.
Me—I buy what goes down. I’m just afraid of moments like this: money is in place, the positions are packed, and all that’s left is the final step. After breaking down, nobody managed it for a week. But when it gets pulled up, suddenly people chase it. It really is a familiar taste.
Sure, it’s been lively on the way up—but it hasn’t even gone back to 216. If you chase in at this level, what am I supposed to use as the counterparty? First, see whether 212 can hold. If it can’t hold, then back to 204 is that same old face again.
Trust them, and the money is gone.
#bch $BCH
On the money side, this time it really came back. In the spot market, over three hours there were twelve candlesticks and not a single one was negative; net inflow broke one million. The position size piled up more than twenty percent in a single day. The big players are still adding to longs—breakout doesn’t look fake.
But the problem is right here. The price started to soften right after the day’s high. As soon as the fifteen-minute candle flipped negative, the large orders directly went to zero. On the contracts side, buy orders were left at only forty percent—everything was selling.
The leverage long/short ratio dropped by ninety percent within twelve hours. The funding rate had only barely managed to turn positive, but this money doesn’t feel steady under it.
Me—I buy what goes down. I’m just afraid of moments like this: money is in place, the positions are packed, and all that’s left is the final step. After breaking down, nobody managed it for a week. But when it gets pulled up, suddenly people chase it. It really is a familiar taste.
Sure, it’s been lively on the way up—but it hasn’t even gone back to 216. If you chase in at this level, what am I supposed to use as the counterparty? First, see whether 212 can hold. If it can’t hold, then back to 204 is that same old face again.
Trust them, and the money is gone.
#bch $BCH