Slept well last night, woke up to see $CELR bay up nearly 30% in 24h—told myself, “That’s it, I messed up the trade again!” 🫠. Anyone who jumped on late is probably laughing so hard they’re crying, but look at the candle jolting on the 1H chart—yeah, it’s exactly the feeling of a knife falling straight down 💀. The sell-off volume is clearly there; the steady net selling pressure is dragging down the RSI 44.9 on the 1H as things cool off.
However, when you zoom out to the 1D chart, the macro picture for CELR is still pretty strong after that recent parabolic run, pushing the RSI up to as high as 77.8. That tall green candle sticking out for a few days was thanks to news that Celer is about to launch AgentPay—a payment network for AI agents—putting Celer Network right at the intersection of interoperability and AI. That narrative sounds great, but the market doesn’t give away free meals. If it pumps fast, it can drop just as quickly. Right now the price is correcting hard, and the derivatives funding rate is extremely negative at -0.8002%/8h, which suggests the shorts are getting overly confident. Me? I actually like these overdone short setups—there’s a good chance of a short squeeze.
However, when you zoom out to the 1D chart, the macro picture for CELR is still pretty strong after that recent parabolic run, pushing the RSI up to as high as 77.8. That tall green candle sticking out for a few days was thanks to news that Celer is about to launch AgentPay—a payment network for AI agents—putting Celer Network right at the intersection of interoperability and AI. That narrative sounds great, but the market doesn’t give away free meals. If it pumps fast, it can drop just as quickly. Right now the price is correcting hard, and the derivatives funding rate is extremely negative at -0.8002%/8h, which suggests the shorts are getting overly confident. Me? I actually like these overdone short setups—there’s a good chance of a short squeeze.
