IOST is dropping fast, but here’s the counterintuitive point: the more panic there is, the more you should check whether the shorts are getting exhausted.
Binance USDT-m Perpetuals｜IOST past 24 hours -27.15%; weakness remains. For any repair, first watch whether sell pressure is converging. Current price is about 0.0009554, with about 424 million in 24h trading volume. 30m volume ratio is 1.8x, and participation is rising.
Order flow: long accounts make up 55%; the aggressive buy/sell ratio is 0.97 (aggressive executions are close to balanced); 30m open interest +0.2%; funding rate -0.1106%.
Reference indicators: 30m RSI at 20.00 is already oversold, suggesting short-term panic is getting close to maxed out; 30m ATR trend reference level is 0.001072. The current price has broken below that reference, meaning the trend-protection level is starting to come under pressure.
The disagreement here is very specific: some expect further breakdown, while others expect a panic-driven rebound. I personally want to see whether the aggressive buy/sell ratio of 0.97 can break out of the balance zone near 1; if it can’t, even if a quick retracement happens, it’s likely to turn into only a weak repair.
#IOST ##Divergence Alert
Binance USDT-m Perpetuals｜IOST past 24 hours -27.15%; weakness remains. For any repair, first watch whether sell pressure is converging. Current price is about 0.0009554, with about 424 million in 24h trading volume. 30m volume ratio is 1.8x, and participation is rising.
Order flow: long accounts make up 55%; the aggressive buy/sell ratio is 0.97 (aggressive executions are close to balanced); 30m open interest +0.2%; funding rate -0.1106%.
Reference indicators: 30m RSI at 20.00 is already oversold, suggesting short-term panic is getting close to maxed out; 30m ATR trend reference level is 0.001072. The current price has broken below that reference, meaning the trend-protection level is starting to come under pressure.
The disagreement here is very specific: some expect further breakdown, while others expect a panic-driven rebound. I personally want to see whether the aggressive buy/sell ratio of 0.97 can break out of the balance zone near 1; if it can’t, even if a quick retracement happens, it’s likely to turn into only a weak repair.
#IOST ##Divergence Alert