About 13 hours ago, I looked at three morning bullish setups: none have played out yet, two didn’t catch, and one has already burned out.
Opening watch recap: the order flow is contracting.
2Z: cooling down; the early bullish move didn’t break through.
After the initial launch, the price pulled back by 0.54%, while open interest fell by 12.5%, indicating the new position’s enthusiasm has clearly cooled.
Although the aggressive buy flow has improved, price and open interest haven’t shown follow-through.
STEEM: tug-of-war; price moved somewhat in the bullish direction, but a one-sided confirmation hasn’t formed yet.
After the initial launch, the price rose 2.89%, suggesting the direction hasn’t fully fallen behind.
However, trading volume dropped by 65.33%, meaning there isn’t enough follow-up strength; the slight increase in open interest isn’t sufficient to confirm continuation.
LSK: burned out; the morning bullish thesis clearly didn’t play out.
After the initial launch, the price fell 13.87%, which has already weakened the original view in the opposite direction.
Open interest also declined in sync by 17.74%, showing that momentum didn’t carry over; even though aggressive buy flow improved, it couldn’t reverse the price drop.
Next, we’ll jointly watch whether price can turn strong again, while open interest and aggressive buy flow continue to keep up.
If price keeps weakening and open interest declines further, that’s further evidence against this morning bullish set, and we’ll need to reassess.
#2Z #STEEM #LSK
Compiled with assistance from Claude Fable 5, for informational purposes only—please verify for yourself.
Opening watch recap: the order flow is contracting.
2Z: cooling down; the early bullish move didn’t break through.
After the initial launch, the price pulled back by 0.54%, while open interest fell by 12.5%, indicating the new position’s enthusiasm has clearly cooled.
Although the aggressive buy flow has improved, price and open interest haven’t shown follow-through.
STEEM: tug-of-war; price moved somewhat in the bullish direction, but a one-sided confirmation hasn’t formed yet.
After the initial launch, the price rose 2.89%, suggesting the direction hasn’t fully fallen behind.
However, trading volume dropped by 65.33%, meaning there isn’t enough follow-up strength; the slight increase in open interest isn’t sufficient to confirm continuation.
LSK: burned out; the morning bullish thesis clearly didn’t play out.
After the initial launch, the price fell 13.87%, which has already weakened the original view in the opposite direction.
Open interest also declined in sync by 17.74%, showing that momentum didn’t carry over; even though aggressive buy flow improved, it couldn’t reverse the price drop.
Next, we’ll jointly watch whether price can turn strong again, while open interest and aggressive buy flow continue to keep up.
If price keeps weakening and open interest declines further, that’s further evidence against this morning bullish set, and we’ll need to reassess.
#2Z #STEEM #LSK
Compiled with assistance from Claude Fable 5, for informational purposes only—please verify for yourself.
