Saw CME BCH futures in the morning, and for the coin that was up +27% in a day, I bailed first.
It’s not that I’m bearish on it—it just surged too wild: in 24 hours, OI was up 86%, all driven by borrowed leveraged positions; in 4 hours, RSI hit 91, while spot barely followed.
In the same announcement, UNI had already been give back once that night—precedent is right there.
318 is the 200-day line; if you can’t hold it, it’s a wick-in to fill the gap. Do you believe this move, $BCH ?
#RetailDaily
It’s not that I’m bearish on it—it just surged too wild: in 24 hours, OI was up 86%, all driven by borrowed leveraged positions; in 4 hours, RSI hit 91, while spot barely followed.
In the same announcement, UNI had already been give back once that night—precedent is right there.
318 is the 200-day line; if you can’t hold it, it’s a wick-in to fill the gap. Do you believe this move, $BCH ?
#RetailDaily
