$Q is down 6.2% while open interest fell 39%: longs are being flushed out, and funding says shorts are crowded
Price sits at $0.1267, 7.6 points behind BTC, on volume 3.2x its 7-day average. Funding is at -0.087% per 8h. There is no matching news in the last 24h.
With no headline behind it, this looks like forced selling, not a change of view. If open interest stays low and funding stays negative, the flush may be mostly done and the crowded shorts become the thing to watch. If open interest rebuilds while price keeps sliding, fresh selling is pushing it, and this was more than a flush.
What would make this wrong: If funding flips positive while price keeps falling, the crowded shorts read was wrong.
Were you holding $Q through the flush, or did you sit it out?
Not advice.
Send me a chat with the word CHECK and I will send you the tool that sizes a trade on Q.
Follow for the levels that matter, every day.
$Q
#TradingPsychology #Crypto #CreviaCockpit
Price sits at $0.1267, 7.6 points behind BTC, on volume 3.2x its 7-day average. Funding is at -0.087% per 8h. There is no matching news in the last 24h.
With no headline behind it, this looks like forced selling, not a change of view. If open interest stays low and funding stays negative, the flush may be mostly done and the crowded shorts become the thing to watch. If open interest rebuilds while price keeps sliding, fresh selling is pushing it, and this was more than a flush.
What would make this wrong: If funding flips positive while price keeps falling, the crowded shorts read was wrong.
Were you holding $Q through the flush, or did you sit it out?
Not advice.
Send me a chat with the word CHECK and I will send you the tool that sizes a trade on Q.
Follow for the levels that matter, every day.
$Q
#TradingPsychology #Crypto #CreviaCockpit