$IOST This cable is running pretty aggressively—its lowest hit was 0.0007103, then it was pulled directly up to 0.0008968 before falling back to 0.0008567. In less than a day, it moved nearly 26% in amplitude.
A trading volume of 651.7B tokens was built up by orders totaling 52.34M USD in amount. The fact that price rises alongside volume suggests that this round of the pump has real money behind it, not an empty pull. However, a fee rate of -0.8077% means shorts are paying longs; at -0.8077%, the daily cost per 100U is 2.42U. This kind of deep negative fee rate is usually a sign that shorts are being forced into a corner. The pressure level is at 0.0008968—right on the tip of that needle. Only if it breaks can there be room to push higher toward 0.00095. If it can’t hold, then the 0.0007103 bottom must not leak—if it leaks, that’s another script.
Set the stop loss below 0.0007103. First watch whether it can hold steady at 0.0008968, then try for 0.00095.
#IOST
A trading volume of 651.7B tokens was built up by orders totaling 52.34M USD in amount. The fact that price rises alongside volume suggests that this round of the pump has real money behind it, not an empty pull. However, a fee rate of -0.8077% means shorts are paying longs; at -0.8077%, the daily cost per 100U is 2.42U. This kind of deep negative fee rate is usually a sign that shorts are being forced into a corner. The pressure level is at 0.0008968—right on the tip of that needle. Only if it breaks can there be room to push higher toward 0.00095. If it can’t hold, then the 0.0007103 bottom must not leak—if it leaks, that’s another script.
Set the stop loss below 0.0007103. First watch whether it can hold steady at 0.0008968, then try for 0.00095.
#IOST