$POWER in the past 15 minutes, active buying/selling ratio is 0.499; the sell orders are twice the buy orders—price 0.08129 is sitting right on the 24h low 0.07953. When the dump was hit hardest, the volume was only 0.82x of the 24h hourly average!
In the past 1 hour, active buying/selling ratio is 0.692; the price slid from 0.08359 downwards, and the position value only decreased by 0.38%—it looks like longs are withdrawing rather than a new short pressure building up; the funding rate +0.0126% means longs are still paying.
With shrinking volume and a dull downward drift, chasing shorts isn’t a great value setup.
If it doesn’t reclaim 0.08359 from 1 hour ago, the bearish interpretation holds; if it recovers the 24h high of 0.09172, that view is invalidated.
#POWER
In the past 1 hour, active buying/selling ratio is 0.692; the price slid from 0.08359 downwards, and the position value only decreased by 0.38%—it looks like longs are withdrawing rather than a new short pressure building up; the funding rate +0.0126% means longs are still paying.
With shrinking volume and a dull downward drift, chasing shorts isn’t a great value setup.
If it doesn’t reclaim 0.08359 from 1 hour ago, the bearish interpretation holds; if it recovers the 24h high of 0.09172, that view is invalidated.
#POWER
