Behind the 46% gain, buying momentum is starting to run out.
$4 Today’s trading volume surged to $254 million, and the price was pushed from 0.021 to 0.035, but the last 3 hourly candlesticks have all been pulling back.
The funding rate of 0.15% is not low, which shows longs are crowded; the long-short ratio at 52% to 48% is not a big advantage.
This kind of sideways movement after a sharp pump is usually waiting on two things: either new capital takes over and breaks through 0.035, or profit-taking continues to push it down toward around 0.030.
I tend to wait and see whether 0.032 can hold first; don’t rush to chase.
There are always opportunities in the market, staying alive is the most important thing.
$4 #资金费率预警 #0.15%
Click the small card below to quickly view the market👇
$4 Today’s trading volume surged to $254 million, and the price was pushed from 0.021 to 0.035, but the last 3 hourly candlesticks have all been pulling back.
The funding rate of 0.15% is not low, which shows longs are crowded; the long-short ratio at 52% to 48% is not a big advantage.
This kind of sideways movement after a sharp pump is usually waiting on two things: either new capital takes over and breaks through 0.035, or profit-taking continues to push it down toward around 0.030.
I tend to wait and see whether 0.032 can hold first; don’t rush to chase.
There are always opportunities in the market, staying alive is the most important thing.
$4 #资金费率预警 #0.15%
Click the small card below to quickly view the market👇
