BULLA is up 69.7% today, moving with USELESS and MARSCOIN as the Meme sector runs as a group.
BULLA trades at $0.1135. Open interest rose 42% over the past 24 hours and volume ran 4.3 times its 7 day average, with no news behind the move.
Rising open interest alongside a big move usually means new money is opening positions, not shorts closing out, and three Meme names moving together points to sector rotation rather than a single announcement. This is a small cap: moves fast, both ways, so a move this size can reverse just as fast as it built. If open interest keeps climbing, the sector move likely has more room to run. If open interest stalls or turns down while price stays elevated, that is usually the sign the initial push is running out of buyers.
What would make this wrong: If open interest starts dropping while BULLA is still up sharply, the move was mostly leverage unwinding rather than fresh demand, and this read is wrong.
Are you in BULLA, USELESS or MARSCOIN right now, or watching from the side?
The sizing images: a $10,000 demo account at 1% risk, long and short with the same stop, one typical daily move away. Both sides, because this is not a call.
And two alerts on the demo account, one above today's high and one below today's low, instead of guessing which way it breaks.
Not advice.
Size a trade on BULLA before you take one: creviacockpit.com/n/24510
Follow for the levels that matter, every day.
$BULLA
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
BULLA trades at $0.1135. Open interest rose 42% over the past 24 hours and volume ran 4.3 times its 7 day average, with no news behind the move.
Rising open interest alongside a big move usually means new money is opening positions, not shorts closing out, and three Meme names moving together points to sector rotation rather than a single announcement. This is a small cap: moves fast, both ways, so a move this size can reverse just as fast as it built. If open interest keeps climbing, the sector move likely has more room to run. If open interest stalls or turns down while price stays elevated, that is usually the sign the initial push is running out of buyers.
What would make this wrong: If open interest starts dropping while BULLA is still up sharply, the move was mostly leverage unwinding rather than fresh demand, and this read is wrong.
Are you in BULLA, USELESS or MARSCOIN right now, or watching from the side?
The sizing images: a $10,000 demo account at 1% risk, long and short with the same stop, one typical daily move away. Both sides, because this is not a call.
And two alerts on the demo account, one above today's high and one below today's low, instead of guessing which way it breaks.
Not advice.
Size a trade on BULLA before you take one: creviacockpit.com/n/24510
Follow for the levels that matter, every day.
$BULLA
#TradingPsychology #Crypto #CreviaCockpit | creviacockpit.com/lessons?s=square
