$牛来 I've been watching this coin all day. It previously fell from 0.164 to 0.065, a drop of 60%. Now it's holding steady around 0.076, up more than 7% today. That may not look like much, but there's something going on in the charts.
The MACD has formed a golden cross on both the 1-hour and 4-hour charts. The 15-minute RSI is already at 81, so it's definitely overbought in the short term. But the daily RSI is only 34 and has just climbed out of oversold territory, so there's still room for a recovery on the larger time frame.
Now let's look at the futures data: the large-trader long/short ratio by open interest has stayed above 2.88, showing that large traders' positions are overwhelmingly long. Over the past 4 hours, taker buying volume has clearly exceeded taker selling volume, so money is flowing in.
The funding rate is just 0.005%. It's positive, but not high, which suggests that bullish sentiment isn't overheated—people aren't rushing in to go long recklessly.
My plan is simple: go long now around 0.076, with a stop-loss below 0.072. My first target is 0.082, and the second is 0.09. The risk-reward ratio is about 1:2, so I think it's worth a shot.
The name Bull Is Coming is pretty interesting too. The bull is here, so let's ride the wave with it. Of course, futures trading carries risks—don't go in too heavy, and make sure to use a stop-loss.
How high do you think this move can go? Share your thoughts in the comments. I'll see if anyone's joining me for the ride.
$牛来 #牛来
This is my personal trading activity and does not constitute investment advice.
The MACD has formed a golden cross on both the 1-hour and 4-hour charts. The 15-minute RSI is already at 81, so it's definitely overbought in the short term. But the daily RSI is only 34 and has just climbed out of oversold territory, so there's still room for a recovery on the larger time frame.
Now let's look at the futures data: the large-trader long/short ratio by open interest has stayed above 2.88, showing that large traders' positions are overwhelmingly long. Over the past 4 hours, taker buying volume has clearly exceeded taker selling volume, so money is flowing in.
The funding rate is just 0.005%. It's positive, but not high, which suggests that bullish sentiment isn't overheated—people aren't rushing in to go long recklessly.
My plan is simple: go long now around 0.076, with a stop-loss below 0.072. My first target is 0.082, and the second is 0.09. The risk-reward ratio is about 1:2, so I think it's worth a shot.
The name Bull Is Coming is pretty interesting too. The bull is here, so let's ride the wave with it. Of course, futures trading carries risks—don't go in too heavy, and make sure to use a stop-loss.
How high do you think this move can go? Share your thoughts in the comments. I'll see if anyone's joining me for the ride.
$牛来 #牛来
This is my personal trading activity and does not constitute investment advice.