$MEW jumped 11.7% in one hour; the trading value directly hit 19.36x the 24h average. At the same time, the open position value surged 51.17% to 1.73 million—this is new money rushing in to accumulate, not shorts admitting defeat!
The buy-sell imbalance in the first hour is 1.133, and in the first 15 minutes it’s 1.033; buy orders kept getting eaten. Funding rate +0.005%—the longs are starting to pay the crowded-cost. Increasing positions alongside rising volume—those chasing are putting in real money.
To keep it going, it first needs to hold above the 24h high at 0.0005484; if it falls back below 0.0004796 from one hour ago, then this push setup won’t hold.
#MEW
The buy-sell imbalance in the first hour is 1.133, and in the first 15 minutes it’s 1.033; buy orders kept getting eaten. Funding rate +0.005%—the longs are starting to pay the crowded-cost. Increasing positions alongside rising volume—those chasing are putting in real money.
To keep it going, it first needs to hold above the 24h high at 0.0005484; if it falls back below 0.0004796 from one hour ago, then this push setup won’t hold.
#MEW
