$ONE extended defense has failed: I’ll watch first and not continue the long. At 07:00 sharp, the hour’s low was 0.00368 and it closed at 0.003936—clearly invalidating the break-close level at 0.00401; from 07:15 to 07:45, it consecutively lost the 0.00436–0.00422 defense zone. It’s now around 0.00402. The 24-hour contract move is about +100%, and成交 is about 700 million U. Hype is still there, but the structure has changed.
The new phase after the 07:00 pullback toward the defense post: it’s not a low-volume digestion; it’s a confirmation of the level breaking down and then a further drop. Over the past ~7h, token OI is about -12.2%, funding rate about -0.004%. Spot is still slightly over the mark by about +0.28%, more like price is getting dumped first while leverage may not be fully cleared in sync.
Next, first see whether it can reclaim and hold 0.00401–0.00422. If it can’t be reclaimed, treat it as weakness after invalidation. If on the 15m chart it breaks again below the 0.00368 low with volume, then for now we’ll give up this leg of the rebound.$ONE #Harmony #ONEUSDT #Crypto
The new phase after the 07:00 pullback toward the defense post: it’s not a low-volume digestion; it’s a confirmation of the level breaking down and then a further drop. Over the past ~7h, token OI is about -12.2%, funding rate about -0.004%. Spot is still slightly over the mark by about +0.28%, more like price is getting dumped first while leverage may not be fully cleared in sync.
Next, first see whether it can reclaim and hold 0.00401–0.00422. If it can’t be reclaimed, treat it as weakness after invalidation. If on the 15m chart it breaks again below the 0.00368 low with volume, then for now we’ll give up this leg of the rebound.$ONE #Harmony #ONEUSDT #Crypto
