$BULLA This coin’s name is like a bull-market mascot, but the candlestick chart looks like it’s throwing people off the train mid-ride. I’ll observe for now—I won’t chase this pullback. While one side of the plaza keeps spamming “to the moon,” the other side directly opens shorts; it’s noisier than the market itself.
Binance USDT-margined, over the past 5 hours, fell from the high of 0.10188 to the final complete 1-hour close at 0.08317, a drawdown of 18.4%. In the last 2 hours, contract open interest (OI) decreased by 1.99%, and large-holder accounts are 53.2% bearish. Price is dropping and positions are also being reduced, suggesting both bulls and bears are backing off—not that new shorts are continuously piling in to keep pressing down. The 4-hour funding rate is still +0.0050%, not to the point of being extremely overcrowded on the short side. They can shout all they want, but for now the money hasn’t come back with the slogans.
I only look at two doors: a 15-minute breakout with increased volume reclaiming 0.08730—then the rebound counts as staying alive; or an hourly close below 0.08020—then the next leg lower will be opened. Around 0.083 is just a tug-of-war zone, not a “bull run returning fast and soon.” #BULLA #BullaToTheMoon #多空分歧 #HotCoin
Binance USDT-margined, over the past 5 hours, fell from the high of 0.10188 to the final complete 1-hour close at 0.08317, a drawdown of 18.4%. In the last 2 hours, contract open interest (OI) decreased by 1.99%, and large-holder accounts are 53.2% bearish. Price is dropping and positions are also being reduced, suggesting both bulls and bears are backing off—not that new shorts are continuously piling in to keep pressing down. The 4-hour funding rate is still +0.0050%, not to the point of being extremely overcrowded on the short side. They can shout all they want, but for now the money hasn’t come back with the slogans.
I only look at two doors: a 15-minute breakout with increased volume reclaiming 0.08730—then the rebound counts as staying alive; or an hourly close below 0.08020—then the next leg lower will be opened. Around 0.083 is just a tug-of-war zone, not a “bull run returning fast and soon.” #BULLA #BullaToTheMoon #多空分歧 #HotCoin