$RAYSOL Price and volume are moving in opposite directions, so I’m preparing to take a short.
Current price: 2.3179, down 5.2% over the day and up 15.7% over the week.
RP79, open interest down 8% over 24h, whale long/short ratio at 1.05, funding rate at -0.0034%.
Price is still high, while open interest is falling. This looks more like distribution than a continuation of the rally. The longer this drags on, the more you’ll be on the back foot.
Hesitate any longer and you’ll miss the move.
Short entry reference: below 2.2831. You can try now—don’t wait for it to take off and regret it.
Comment “Short” if you’re joining the short, or “Long” if you think it can still rally.
$BTC
Current price: 2.3179, down 5.2% over the day and up 15.7% over the week.
RP79, open interest down 8% over 24h, whale long/short ratio at 1.05, funding rate at -0.0034%.
Price is still high, while open interest is falling. This looks more like distribution than a continuation of the rally. The longer this drags on, the more you’ll be on the back foot.
Hesitate any longer and you’ll miss the move.
Short entry reference: below 2.2831. You can try now—don’t wait for it to take off and regret it.
Comment “Short” if you’re joining the short, or “Long” if you think it can still rally.
$BTC