$ONE I may be long but I don’t chase straight lines: the complete 2:00 hour move went from roughly 0.00333 to the close at 0.00409—about +23% for that hour. Intraday high was around 0.00440. Yesterday’s posted confirmation level of 0.00354 has now been pushed down and踩在脚下 with heavy volume. Current price is around 0.00411, up about +139% in 24 hours.
The structure hasn’t completely changed: spot is still about 0.6% higher than the futures. Funding rate is around -0.028%, meaning shorts are still paying. The increase in notional positions is more from price rising; token OI has dipped slightly over the past few hours, suggesting leverage is rotating rather than a one-way, mindless long squeeze.
If you participate, watch for support on the pullback: hold 0.00392—0.00401. Alternatively, if the 15-minute chart gains volume and stands above 0.00422 to confirm. If the 1-hour candle closes below 0.00354, then this breakout structure fails. $ONE #Harmony #ONEUSDT #Crypto
The structure hasn’t completely changed: spot is still about 0.6% higher than the futures. Funding rate is around -0.028%, meaning shorts are still paying. The increase in notional positions is more from price rising; token OI has dipped slightly over the past few hours, suggesting leverage is rotating rather than a one-way, mindless long squeeze.
If you participate, watch for support on the pullback: hold 0.00392—0.00401. Alternatively, if the 15-minute chart gains volume and stands above 0.00422 to confirm. If the 1-hour candle closes below 0.00354, then this breakout structure fails. $ONE #Harmony #ONEUSDT #Crypto
