$US This +79% move—am I imagining things? It went from 0.0141 to 0.0282 in a day, and now it’s pulled back to around 0.0262. At first glance, I honestly thought I was looking at the wrong chart.
I’m leaning bullish here. As long as it holds above 0.0205 on a retest, I think it keeps pushing higher.
The structure is genuinely strong. It’s up more than 57% over the past 6 hours, with 5 of the last 6 candles closing green. Price has been riding the MA7 at 0.0205, while the MA25 is only at 0.0168—the moving averages are in a bullish alignment, and there’s no sign of a shakeout. The current price is only 7% below the 24-hour high, so this isn’t a fake pump that immediately got dumped.
Volume checks out too. Trading volume over the past 6 hours is 9.8 times that of the previous 6 hours, with $150 million in turnover. Retail traders couldn’t generate that kind of volume. Open interest is $19 million, and it’s up 29.5% in an hour—new money is pouring in.
The funding rate is only 0.0434%, so things haven’t gone completely crazy yet; the longs haven’t been squeezed out. The top traders’ long/short account ratio is 0.84, leaning short. Big positions haven’t flipped long yet, so there’s room for a short squeeze here.
My plan: buy a retest in the 0.0205–0.022 range. First target is the previous high at 0.028; if it breaks through, I’m looking for around 0.032. If it drops back below the MA7 and holds there, I’ll admit I’m wrong and get out.
This move isn’t about some coin getting listed on Upbit. It’s about money finally finding an asset people are willing to pile into together. That 0.84 short ratio among the big players—could they just be using their own side accounts to go long?
I’m leaning bullish here. As long as it holds above 0.0205 on a retest, I think it keeps pushing higher.
The structure is genuinely strong. It’s up more than 57% over the past 6 hours, with 5 of the last 6 candles closing green. Price has been riding the MA7 at 0.0205, while the MA25 is only at 0.0168—the moving averages are in a bullish alignment, and there’s no sign of a shakeout. The current price is only 7% below the 24-hour high, so this isn’t a fake pump that immediately got dumped.
Volume checks out too. Trading volume over the past 6 hours is 9.8 times that of the previous 6 hours, with $150 million in turnover. Retail traders couldn’t generate that kind of volume. Open interest is $19 million, and it’s up 29.5% in an hour—new money is pouring in.
The funding rate is only 0.0434%, so things haven’t gone completely crazy yet; the longs haven’t been squeezed out. The top traders’ long/short account ratio is 0.84, leaning short. Big positions haven’t flipped long yet, so there’s room for a short squeeze here.
My plan: buy a retest in the 0.0205–0.022 range. First target is the previous high at 0.028; if it breaks through, I’m looking for around 0.032. If it drops back below the MA7 and holds there, I’ll admit I’m wrong and get out.
This move isn’t about some coin getting listed on Upbit. It’s about money finally finding an asset people are willing to pile into together. That 0.84 short ratio among the big players—could they just be using their own side accounts to go long?