$RARE 24h fell 21.958%. In this hour, it reversed and rose 1.96%. The buy/sell ratio is 1.291—buyers are eating the orders, but the traded value is only 0.36x the 24h hourly average. Volume simply hasn’t kept up!
Open interest value is 4.0377 million, up just 2%. Funding rate is -0.01%—the shorts are paying the longs. The move is a contraction in volume pulling higher; with the buy/sell ratio leaning toward buys. The read is: shorts are covering and only a few fresh longs are added; not many people are chasing. Invalid condition: if it falls back below 0.01737 (the level from 1 hour ago), this rebound thesis is void.
#RARE
Open interest value is 4.0377 million, up just 2%. Funding rate is -0.01%—the shorts are paying the longs. The move is a contraction in volume pulling higher; with the buy/sell ratio leaning toward buys. The read is: shorts are covering and only a few fresh longs are added; not many people are chasing. Invalid condition: if it falls back below 0.01737 (the level from 1 hour ago), this rebound thesis is void.
#RARE
