Wow, the whales have exited RAYSOL!
In the past hour, OI surged from $4.3 million to $6.33 million, up 47%. The price rose 14%, which looks impressive, but the whales’ long/short ratio slid from 1.57 to 1.06. Nearly 60% are close to flipping short. Retail traders are chasing in while whales are selling.
GRIFFAIN is the complete opposite. The whales’ LSR peaked at 2.44, with over 70% long, but OI shrank from $7.99 million to $5.04 million. It’s clear the whales are shaking out the market and accumulating, leaving retail traders no chance to get in. This combination of shrinking OI and high LSR is usually seen on the eve of a major rally.
MINA fell 23.7% today on 3.59x volume, with heavy selling pressure as bears add to their positions. This isn’t the time to buy the dip.
#AlgoTrading #CryptoSignal
$RAYSOL $GRIFFAIN $MINA
In the past hour, OI surged from $4.3 million to $6.33 million, up 47%. The price rose 14%, which looks impressive, but the whales’ long/short ratio slid from 1.57 to 1.06. Nearly 60% are close to flipping short. Retail traders are chasing in while whales are selling.
GRIFFAIN is the complete opposite. The whales’ LSR peaked at 2.44, with over 70% long, but OI shrank from $7.99 million to $5.04 million. It’s clear the whales are shaking out the market and accumulating, leaving retail traders no chance to get in. This combination of shrinking OI and high LSR is usually seen on the eve of a major rally.
MINA fell 23.7% today on 3.59x volume, with heavy selling pressure as bears add to their positions. This isn’t the time to buy the dip.
#AlgoTrading #CryptoSignal
$RAYSOL $GRIFFAIN $MINA