BTW this alert is pretty interesting—over the past 24h it’s up 22.3%. And it’s labeled as a continuation signal that was pushed 2.8 hours ago, which suggests this move isn’t just a single bullish candle that’s finished; it has follow-through. But note: this is the 2nd same-direction continuation within 24h—in other words, the train is already underway.

First, look at sentiment. On X there are 14 discussions with 0 KOLs involved. BSQ ranks 25th with 305, and the retail 24h long/short ratio is 2.8x favoring longs, but things have been cooling off recently. Put together, this means: retail has already piled in, while the smart money hasn’t really moved. The discussion section has 107 mentions but 0 KOLs—there’s quite a lot of disagreement. Hasnain Nadeem 786, AI Researcher_Hub, and Shiguang1913 are all calling for 5x shorts near 0.65, expecting a bearish breakdown below 0.55-0.62. On the other side, DRACO CHAIN directly calls for a target of 2.50. Analyst Yu Fei says the 1-hour volatility is compressing and price action is leaning toward accumulating energy for an upside breakout. With the longs and shorts arguing like this, it shows the current position is a real battleground.

What really makes me wary is OI. The price rose by 22.3%, but open interest is actually down 0.6%—what does that mean? This rally hasn’t seen new money come in to open positions. It’s likely being pushed by existing liquidity, and it could even be driven by short liquidations. For a structure like this to continue rallying, the quality has to be discounted. Once the buying pressure can’t keep up, the pullback will likely come quickly.

In terms of execution, my view is very clear: don’t chase at the current price—especially since the alert has already stated that chasing longs at the FOMO top lowers the odds. If you want to go long, wait for a pullback into the 0.62–0.65 range to confirm support, then enter. Place the stop-loss below 0.58, and for targets, first look for an extension of the previous high. If you want to short, don’t rush. You can refer to the mindset of the crowd around 0.65, but you must wait for volume to fade/turn exhausted and for OI to turn positive to act—don’t naked-shorts catch a flying knife.

To wrap it up in one sentence: in places with major disagreement, position sizing matters more than direction—don’t get carried away.

Data snapshot: +22.3% in 24h | OI -0.6% | Retail long/short ratio 2.8× | BSQ 305 #25

That’s all for now—please watch the risk.

—— 00:52 Trading screen notes