$XLM an hour from 0.21306 to 0.22896, up 7.46%. Trading value directly surged to 5.75 times the 24h hourly average. Open interest increased in sync by 13.19% to 61.84 million——price涨 and position increase also涨; new longs are pushing higher!
The aggressive buy/sell ratio is 1.08, with buyers slightly stronger. However, in the past 15 minutes the buy/sell ratio is 0.98, as the chase-price hands are being reduced. Funding rate +0.01%, so long costs are not heavy. The 24h high at 0.22969 is right overhead.
With increasing positions and rising volume, the read is that new longs are actively entering. Invalidation condition: drop back to 0.21306 and open interest turns to decrease; the chase-high logic is void. If it can’t break through 0.22969, it looks more like distribution from the top.
#XLM
The aggressive buy/sell ratio is 1.08, with buyers slightly stronger. However, in the past 15 minutes the buy/sell ratio is 0.98, as the chase-price hands are being reduced. Funding rate +0.01%, so long costs are not heavy. The 24h high at 0.22969 is right overhead.
With increasing positions and rising volume, the read is that new longs are actively entering. Invalidation condition: drop back to 0.21306 and open interest turns to decrease; the chase-high logic is void. If it can’t break through 0.22969, it looks more like distribution from the top.
#XLM
