I’m looking at chart $MEW and the price action over the past 24 hours is quite intense with a gain of more than 23%. The current price is now near the resistance zone at 0.0005732. What caught my attention is that the RSI has risen to 84.6 while the trading volume is only slightly down by 43.1%. At the same time, open interest has surged by 17.6% within just the last hour, suggesting that derivatives money is flowing in strongly even though overall liquidity isn’t moving in sync. With the long ratio dominating at 62.7%, I’m staying on the sidelines and will watch to see whether the price tests support at 0.0004728, rather than jumping into a trade right now. #MEW #MEWUSDT #Crypto Watch:$QNT $SOON

I’m looking at chart $MEW and the price action over the past 24 hours is quite intense with a gain of more than 23%. The current price is now near the resistance zone at 0.0005732. What caught my attention is that the RSI has risen to 84.6 while the trading volume is only slightly down by 43.1%. At the same time, open interest has surged by 17.6% within just the last hour, suggesting that derivatives money is flowing in strongly even though overall liquidity isn’t moving in sync. With the long ratio dominating at 62.7%, I’m staying on the sidelines and will watch to see whether the price tests support at 0.0004728, rather than jumping into a trade right now.

#MEW #MEWUSDT #Crypto

Watch:$QNT $SOON