Don’t rush to call a bottom on this CAP move—I’m waiting for a recovery signal to appear first.
Binance USDⓈ-M perpetuals | CAP is down 14.71% over the past 24 hours, and weakness persists. For a recovery, first watch whether selling pressure eases. Current price is around 0.07332, with 24-hour trading volume of about 103 million; absolute trading volume doesn’t necessarily mean volume is high relative to usual. Market positioning: long/short account ratio 1.18 (long accounts have a slight edge); taker buy/sell ratio 0.91 (aggressive trading is close to balanced); 30-minute open interest -1.5%.
Reference indicators: 30-minute RSI at 28.36 is oversold, suggesting short-term panic is already running high; the 30-minute ATR trend-band reference level is 0.083682. Price is below this level, indicating that the trend support level is coming under pressure.
Which would you wait for first: the taker buy/sell ratio of 0.91 moving out of the balance zone around 1, or the 30-minute RSI of 28.4 climbing back above 30?
#CAP #AbnormalMoveAlert
Binance USDⓈ-M perpetuals | CAP is down 14.71% over the past 24 hours, and weakness persists. For a recovery, first watch whether selling pressure eases. Current price is around 0.07332, with 24-hour trading volume of about 103 million; absolute trading volume doesn’t necessarily mean volume is high relative to usual. Market positioning: long/short account ratio 1.18 (long accounts have a slight edge); taker buy/sell ratio 0.91 (aggressive trading is close to balanced); 30-minute open interest -1.5%.
Reference indicators: 30-minute RSI at 28.36 is oversold, suggesting short-term panic is already running high; the 30-minute ATR trend-band reference level is 0.083682. Price is below this level, indicating that the trend support level is coming under pressure.
Which would you wait for first: the taker buy/sell ratio of 0.91 moving out of the balance zone around 1, or the 30-minute RSI of 28.4 climbing back above 30?
#CAP #AbnormalMoveAlert