$MVLL 24h rose 12.425%. In just one hour, the trading value jumped to 6.4 times the 24h average—yet the price slid from 39.45 to 39.2. Volume was expanding downward; the ones chasing higher got hit first!
The buy-sell ratio is 0.981, and over the last 15 minutes it’s 0.919—sell orders have a slight edge. Open positions by value increased only 1.89%. The funding rate is 0%. New shorts didn’t really rush in; it looks more like profit-taking is being realized.
Only after it reclaims above 39.45 can we say the buyers have taken over. If it breaks below the 24h low of 34.2, this move will have to be re-assessed.
#MVLL
The buy-sell ratio is 0.981, and over the last 15 minutes it’s 0.919—sell orders have a slight edge. Open positions by value increased only 1.89%. The funding rate is 0%. New shorts didn’t really rush in; it looks more like profit-taking is being realized.
Only after it reclaims above 39.45 can we say the buyers have taken over. If it breaks below the 24h low of 34.2, this move will have to be re-assessed.
#MVLL
