$US 4 The 4-hour chart has broken upward with a CHoCH, while the daily chart is still ranging. Price is stuck in the upper-middle of the recent range, around the 59.5% level—not really going anywhere.
It’s up 91.6% over 24 hours, so sentiment is definitely overheated. What’s interesting is that only 39.9% of accounts are long; most retail traders are short. The funding rate is 0.0482%, well above the 7-day average, so longs are paying. Open interest jumped 126.06% in a day—volume is surging, and fresh money is chasing the move. There are plenty of both shorts and late longs, so opinions are sharply divided. Whoever cracks first gets knocked out.
In a situation like this, I usually just watch. After such a big rally and with funding this high, chasing means paying for the hype, while shorting risks getting squeezed. I’d rather wait and see which way the market moves. Honestly, it’s tempting to jump in, but that’s not in my rules, so I’ll sit tight for now.
How long do you think this wave of euphoria can last?
#US #MarketSentiment
For my personal trading records only. This is not investment advice.
It’s up 91.6% over 24 hours, so sentiment is definitely overheated. What’s interesting is that only 39.9% of accounts are long; most retail traders are short. The funding rate is 0.0482%, well above the 7-day average, so longs are paying. Open interest jumped 126.06% in a day—volume is surging, and fresh money is chasing the move. There are plenty of both shorts and late longs, so opinions are sharply divided. Whoever cracks first gets knocked out.
In a situation like this, I usually just watch. After such a big rally and with funding this high, chasing means paying for the hype, while shorting risks getting squeezed. I’d rather wait and see which way the market moves. Honestly, it’s tempting to jump in, but that’s not in my rules, so I’ll sit tight for now.
How long do you think this wave of euphoria can last?
#US #MarketSentiment
For my personal trading records only. This is not investment advice.