$COW 1 hours trading amount reaching 20.68 times the 24h average—price surged from 0.1535 straight to 0.1731, up 12.77%—this volume is not normal; someone is in a rush to buy!
Open position value also rose 45.34% to 2.76 million. The buy/sell ratio is 1.041, and over the last 15 minutes it’s 1.112. New money is coming in, and the buyer side is slightly stronger in absorbing orders; the funding rate is -0.1611%. Short positions have to buy for longs every hour—whichever side is crowded is the shorts.
With added positions and rising volume, the move looks more like shorts being forced to cover. Holding above 0.1535 from 1 hour ago is only considered a real entry; if it falls back to that level, these 45% added positions are the chips sitting just under the 24h high of 0.1757.
#COW
Open position value also rose 45.34% to 2.76 million. The buy/sell ratio is 1.041, and over the last 15 minutes it’s 1.112. New money is coming in, and the buyer side is slightly stronger in absorbing orders; the funding rate is -0.1611%. Short positions have to buy for longs every hour—whichever side is crowded is the shorts.
With added positions and rising volume, the move looks more like shorts being forced to cover. Holding above 0.1535 from 1 hour ago is only considered a real entry; if it falls back to that level, these 45% added positions are the chips sitting just under the 24h high of 0.1757.
#COW
