S—spot market depth gives us the answer first: 523K on the bid side vs. 385K on the ask side, with a 1.36 bid-to-ask ratio at the top of the book. The bids below are as solid as a fortress wall. The price has hovered at 0.05657, just above the 24-hour low of 0.05532, for four hours. The daily trend has turned upward, and after rebounding from 0.04619, the four-hour chart pulled back without breaking support. This is the tail end of the shakeout. Don't tell me this rebound is weak: in futures, aggressive buys are at 9.55M vs. aggressive sells at 8.99M—the buy orders are pushing down the sell orders, and with the funding rate at 0.0014%, no one's scrambling to buy in yet. There's plenty of room to run. Enter at 0.05657, with a first target of 0.060; if it breaks above that, look for 0.063. Set the stop at 0.0525, below the structure. If it breaks below 0.0553, I'll admit I'm wrong. If it holds, stay in—the profits on this move are there for the taking.
