Three consecutive bullish hourly candles, with gains nearing 30%. This move is pretty interesting.
$4 saw trading volume rise to 25.4 million U today, with the price pulling up from 0.015 to above 0.021. The bulls are indeed in control; 64% of positions are long-term, but that also means that once a pullback happens, the crowded positioning can lead to a cascade.
The funding rate of 0.034% is not extreme, which suggests leverage hasn’t reached a crazy level yet. The key now is whether it can hold above the 0.021 level next — consecutive green hourly candles are a good sign, but we need to see volume keep following through.
I’ll set an observation level around 0.0205; if it breaks below that, I’ll reduce my position, and I’ll reassess after a breakout above 0.0215.
$4 #动量交易 #29.65%
Click the small card below to quickly check the market👇
$4 saw trading volume rise to 25.4 million U today, with the price pulling up from 0.015 to above 0.021. The bulls are indeed in control; 64% of positions are long-term, but that also means that once a pullback happens, the crowded positioning can lead to a cascade.
The funding rate of 0.034% is not extreme, which suggests leverage hasn’t reached a crazy level yet. The key now is whether it can hold above the 0.021 level next — consecutive green hourly candles are a good sign, but we need to see volume keep following through.
I’ll set an observation level around 0.0205; if it breaks below that, I’ll reduce my position, and I’ll reassess after a breakout above 0.0215.
$4 #动量交易 #29.65%
Click the small card below to quickly check the market👇
