17:00 recap gives a clear status: $RUNE did not re-establish above 0.8265 in the afternoon; instead, it fell below the 0.78 momentum line set at midday. In the most recent full hour it closed at 0.7761, with a low of 0.7651. As of 17:02, the price is around 0.774, but the 0.75 risk level has not yet been breached.
Over the last ~3 hours, the open position size dropped from 11.68 million to 11.33 million RUNE, a decrease of 2.99%. Price and position size are declining together, suggesting that the long positions added during the earlier spike are backing off. This looks more like longs are taking profits than shorts are being heavily accumulated.
Conclusion: Momentum has cooled and the strong continuation has failed. No entry. Next, keep watching 0.75. If it holds, it may still consolidate and recover; if it breaks, then focus on 0.69 as the support/absorption level. Only if it breaks out again with volume and closes back above 0.8265 will the strong-bias assessment be restored.#RUNE #交易复盘 #THORChain
Over the last ~3 hours, the open position size dropped from 11.68 million to 11.33 million RUNE, a decrease of 2.99%. Price and position size are declining together, suggesting that the long positions added during the earlier spike are backing off. This looks more like longs are taking profits than shorts are being heavily accumulated.
Conclusion: Momentum has cooled and the strong continuation has failed. No entry. Next, keep watching 0.75. If it holds, it may still consolidate and recover; if it breaks, then focus on 0.69 as the support/absorption level. Only if it breaks out again with volume and closes back above 0.8265 will the strong-bias assessment be restored.#RUNE #交易复盘 #THORChain