$API3 rose 4.017% in an hour,
with 1-hour volume at 7.153x,
so this volume isn’t made up.
But I’m going to pour some cold water on it: watch out for a spike followed by a pullback.
0.3334 is sitting right above,
so chasing in now just means providing an exit for someone else.
The funding rate is still negative, and open interest is down 0.82% too,
so this rally is making me nervous.
I’ll wait for a pullback to 0.29792 and see if it stabilizes,
and if it breaks below 0.2901, I’ll admit I was wrong and get out.
I’m not catching the last leg—no thanks.
Are you betting on chasing the rally or waiting for a pullback? Drop your take in the comments.
#行情分析 #API3 #现货
Personal market notes only; this is not investment advice. Please manage your position size.
with 1-hour volume at 7.153x,
so this volume isn’t made up.
But I’m going to pour some cold water on it: watch out for a spike followed by a pullback.
0.3334 is sitting right above,
so chasing in now just means providing an exit for someone else.
The funding rate is still negative, and open interest is down 0.82% too,
so this rally is making me nervous.
I’ll wait for a pullback to 0.29792 and see if it stabilizes,
and if it breaks below 0.2901, I’ll admit I was wrong and get out.
I’m not catching the last leg—no thanks.
Are you betting on chasing the rally or waiting for a pullback? Drop your take in the comments.
#行情分析 #API3 #现货
Personal market notes only; this is not investment advice. Please manage your position size.
