$MINA 4 hours and it's still falling. Structurally, CHoCH has been moving down for 19 candles, with price at 0.07767—right near the lower end of the recent range, at the 3.4% level. The daily chart is also trending down, with average volume.
The sentiment picture is pretty interesting. It’s down 14.2% over 24 hours, and only 45.7% of retail accounts are long—quite a few people have already cut their losses or flipped short. The funding rate is -0.2996%, well below the 7-day average. Shorts are paying, and short positions are getting a bit crowded. The large-trader long/short ratio is 1.23, with positions basically unchanged. Sentiment is leaning fearful, and quite a few people are cutting their losses.
At times like this, I usually just watch and don’t trade. The panic hasn’t fully played out yet; chasing shorts could get squeezed, and there’s no signal to buy the dip. I’m a little uneasy, but also relieved—not having to sit through the drawdown, at least. Let’s see where it goes on its own. What do you think?
#MINA #MarketSentiment
For my personal trading records only; this is not investment advice.
The sentiment picture is pretty interesting. It’s down 14.2% over 24 hours, and only 45.7% of retail accounts are long—quite a few people have already cut their losses or flipped short. The funding rate is -0.2996%, well below the 7-day average. Shorts are paying, and short positions are getting a bit crowded. The large-trader long/short ratio is 1.23, with positions basically unchanged. Sentiment is leaning fearful, and quite a few people are cutting their losses.
At times like this, I usually just watch and don’t trade. The panic hasn’t fully played out yet; chasing shorts could get squeezed, and there’s no signal to buy the dip. I’m a little uneasy, but also relieved—not having to sit through the drawdown, at least. Let’s see where it goes on its own. What do you think?
#MINA #MarketSentiment
For my personal trading records only; this is not investment advice.