š Market Maker Movingļ½Just opened the Binance app, and CHIP jumped onto the moversā list. In 24 hours itās up 15.3%, yet the long/short ratio is stacked at 71.7%āall one-sided, longs all the way.
At the same time, the overall market is only up 0.671%. Itās up 14.21%, beating by 13.5 percentage points.
š Position volume (4H) -0.5%
Price (24H) +15.3%
Long/Short ratio 71.7%
Current price 0.03641
š” The price is hugging the 24-hour high of 0.0384ājust 5% away.
The long/short ratio is stacked at 71.7%, and the positions were already crowded full.
Surprisingly, there are more aggressive sell ordersālike old longs using the high to sell out, not new money chasing.
šÆ With the longs squeezed like this, both prior up and down moves have already played out.
First the position volume turns downwardāthen comes stabilization of the price around 0.0384.
A glance at the order book tells you.
ā ļø Personal opinion only; not investment advice
$CHIP $XRP $BZ
At the same time, the overall market is only up 0.671%. Itās up 14.21%, beating by 13.5 percentage points.
š Position volume (4H) -0.5%
Price (24H) +15.3%
Long/Short ratio 71.7%
Current price 0.03641
š” The price is hugging the 24-hour high of 0.0384ājust 5% away.
The long/short ratio is stacked at 71.7%, and the positions were already crowded full.
Surprisingly, there are more aggressive sell ordersālike old longs using the high to sell out, not new money chasing.
šÆ With the longs squeezed like this, both prior up and down moves have already played out.
First the position volume turns downwardāthen comes stabilization of the price around 0.0384.
A glance at the order book tells you.
ā ļø Personal opinion only; not investment advice
$CHIP $XRP $BZ