XLM 0.195—shorts have been shouting for three days; I want to see who it’s trying to perform for. In two days it slipped back from 0.223 to around 0.19. It looked like it was about to break down—then it reversed and picked the 20-line back up. The short-term cycle is still in the green. This market is basically set up to go against you.
For spot, the big orders were fully positive for three hours, and the 15-minute window is still net buying—real money is truly entering the market. On the futures side, positions got cut by almost nine percent in a day. The conclusion is that longs are trimming—everything that gets sold is being taken away by spot, and spot can still absorb it.
Funding rate is 0.01%. The new longs didn’t even lift interest—this move isn’t a leverage pump. No bubbles mean there’s nothing to pop. Whale account counts are decreasing, yet positions are actually increasing. There are only a few big accounts left down there, concentrating on picking up the inventory.
What irritates me most is that, according to my inverse indicator, if it really starts to run up, I’ll just have to watch the show. I guess I don’t have the power.
#xlm $XLM
For spot, the big orders were fully positive for three hours, and the 15-minute window is still net buying—real money is truly entering the market. On the futures side, positions got cut by almost nine percent in a day. The conclusion is that longs are trimming—everything that gets sold is being taken away by spot, and spot can still absorb it.
Funding rate is 0.01%. The new longs didn’t even lift interest—this move isn’t a leverage pump. No bubbles mean there’s nothing to pop. Whale account counts are decreasing, yet positions are actually increasing. There are only a few big accounts left down there, concentrating on picking up the inventory.
What irritates me most is that, according to my inverse indicator, if it really starts to run up, I’ll just have to watch the show. I guess I don’t have the power.
#xlm $XLM
