$CHIP 24h dropped 7.938%, with the price at 0.0421 almost touching the 24h low of 0.04198. However, the buy/sell pressure ratio is only 0.602—sell orders are holding down, but the sell-off volume is merely 0.62 times the 24h hourly average!
Over the past 1 hour, the value of positions decreased 0.89% to 9.355 million. The longs are exiting rather than adding new shorts; the fee is only +0.005%, so the cost is extremely light—nothing suggests crowding.
If it fails to reclaim 0.04242 from 1 hour ago, the slightly bearish interpretation holds; recovering the 24h high of 0.04654 would invalidate this.
#CHIP
Over the past 1 hour, the value of positions decreased 0.89% to 9.355 million. The longs are exiting rather than adding new shorts; the fee is only +0.005%, so the cost is extremely light—nothing suggests crowding.
If it fails to reclaim 0.04242 from 1 hour ago, the slightly bearish interpretation holds; recovering the 24h high of 0.04654 would invalidate this.
#CHIP
