MARSCOIN has two answers; first, wait for the sell pressure to show its sequence.
Binance USDT-margined perpetual | MARSCOIN is -19.02% over the past 24 hours, and weakness is still present; for a recovery, first see whether sell pressure converges. The current price is about 0.19289, and 24h turnover is about 487 million; absolute turnover does not equal relative volume expansion. Funding side: short accounts make up 59%; active buy/sell ratio is 0.87 (active selling is dominant); 30m open interest is +0.1%; funding rate is +0.0116%.
Reference indicators: 30m RSI 23.35 is already oversold, indicating that short-term panic is already quite saturated; 30m ATR trend band reference level is 0.225884, and the current price has fallen below the reference level, indicating that the trend protection level is starting to come under pressure.
Which would you wait for first: active buy/sell ratio 0.87 to rise back above 1, or 30m RSI 23.4 to rise back above 30?
#MARSCOIN #intraday alert
Binance USDT-margined perpetual | MARSCOIN is -19.02% over the past 24 hours, and weakness is still present; for a recovery, first see whether sell pressure converges. The current price is about 0.19289, and 24h turnover is about 487 million; absolute turnover does not equal relative volume expansion. Funding side: short accounts make up 59%; active buy/sell ratio is 0.87 (active selling is dominant); 30m open interest is +0.1%; funding rate is +0.0116%.
Reference indicators: 30m RSI 23.35 is already oversold, indicating that short-term panic is already quite saturated; 30m ATR trend band reference level is 0.225884, and the current price has fallen below the reference level, indicating that the trend protection level is starting to come under pressure.
Which would you wait for first: active buy/sell ratio 0.87 to rise back above 1, or 30m RSI 23.4 to rise back above 30?
#MARSCOIN #intraday alert