On the order-adding side, there are only souls trapped on the books, waiting for a rebound—no one really dares to cut. When this $CELR blade goes down, even the “insertion needle” doesn’t bother to perform; it just slips lower into the depths.
On the four-hour chart, three consecutive full-bodied bearish candles. After 0.003805 holds, there’s no struggle—down to 0.003079. A $3.1% level drop with volume surging on the distribution. The trading volume—about 697 million—piles up on the downside. The funding rate is hanging at -0.5328%. The shorts haven’t reduced positions; they’re adding. Dailyized financing burn is -1.60%, and annualized it’s nearly -99.7%. With shorts this expensive and they still don’t run, it shows they’re betting on even lower prices.
0.003023—the lower wick is the floor stepped on today. Once it breaks below this layer, nothing is catching it. For a short-term rebound play, first watch whether 0.003200 can hold steady. If it can, then look for the rebound.
#CELR
On the four-hour chart, three consecutive full-bodied bearish candles. After 0.003805 holds, there’s no struggle—down to 0.003079. A $3.1% level drop with volume surging on the distribution. The trading volume—about 697 million—piles up on the downside. The funding rate is hanging at -0.5328%. The shorts haven’t reduced positions; they’re adding. Dailyized financing burn is -1.60%, and annualized it’s nearly -99.7%. With shorts this expensive and they still don’t run, it shows they’re betting on even lower prices.
0.003023—the lower wick is the floor stepped on today. Once it breaks below this layer, nothing is catching it. For a short-term rebound play, first watch whether 0.003200 can hold steady. If it can, then look for the rebound.
#CELR