About 6 hours ago, during the morning, I observed 3 bullish pullbacks—1 of them has moved out, and 2 didn’t hold.
Initial setup recap: the positioning (chip/lot) is being tightened.
ACE: Stretching/tugging. The bullish move in the morning didn’t break through and move out.
After the initial push, the price pulled back by 2.42%, and the trend didn’t continue as expected.
Meanwhile, open interest/position size also decreased by 6.58%. Although aggressive buying improved, additional/incremental positioning wasn’t picked up, and the one-way direction still hasn’t been confirmed.
BOME: Stretching/tugging. The price is still above the initial push level, but the strength of the bullish continuation isn’t enough.
After the initial push, the price rose by 1.64%—barely enough to defend the direction.
Open interest increased, but aggressive buying has shifted from leading to slightly weaker, and follow-through is still not clear.
NEIRO: Realization/taking profits. This bullish move did break out.
After the initial push, the price continued rising by 22.19%, and the direction is clearly sustained.
Open interest increased in sync by 45.41%, indicating that during the rally, positioning was picked up noticeably. However, aggressive buying didn’t increase simultaneously, so we still need to watch the persistence afterward.
Next, we’ll jointly focus on whether price can maintain—or return to—the level above the initial push, whether open interest can synchronize with the pickup, and whether aggressive buying can regain dominance.
If the price weakens and is accompanied by a drop in open interest, that would be a counter-evidence against this continuation, and we’ll need to re-check.
Live trading notes: This account currently holds $FOGO long positions. The logic hasn’t changed, so I will continue to hold.
Compiled with assistance from Claude Fable 5. For informational reference only—please verify on your own.
Initial setup recap: the positioning (chip/lot) is being tightened.
ACE: Stretching/tugging. The bullish move in the morning didn’t break through and move out.
After the initial push, the price pulled back by 2.42%, and the trend didn’t continue as expected.
Meanwhile, open interest/position size also decreased by 6.58%. Although aggressive buying improved, additional/incremental positioning wasn’t picked up, and the one-way direction still hasn’t been confirmed.
BOME: Stretching/tugging. The price is still above the initial push level, but the strength of the bullish continuation isn’t enough.
After the initial push, the price rose by 1.64%—barely enough to defend the direction.
Open interest increased, but aggressive buying has shifted from leading to slightly weaker, and follow-through is still not clear.
NEIRO: Realization/taking profits. This bullish move did break out.
After the initial push, the price continued rising by 22.19%, and the direction is clearly sustained.
Open interest increased in sync by 45.41%, indicating that during the rally, positioning was picked up noticeably. However, aggressive buying didn’t increase simultaneously, so we still need to watch the persistence afterward.
Next, we’ll jointly focus on whether price can maintain—or return to—the level above the initial push, whether open interest can synchronize with the pickup, and whether aggressive buying can regain dominance.
If the price weakens and is accompanied by a drop in open interest, that would be a counter-evidence against this continuation, and we’ll need to re-check.
Live trading notes: This account currently holds $FOGO long positions. The logic hasn’t changed, so I will continue to hold.
Compiled with assistance from Claude Fable 5. For informational reference only—please verify on your own.