$BR
Up about +24%, with open positions’ notional value also up roughly 50%—don’t chase at the current price.
It just fell back to around 0.50 from the 0.55 area; the 24h high was 0.553.
Futures open interest value rose about 55% in a little over a day, while funding rates remain negative at roughly −0.05% to −0.07%.
The long/short account ratio dropped from 1.6 to around 1.2 as shorts add positions. Don’t try to catch a falling knife.
Bias: Bullish, but only buy on a pullback—don’t chase near 0.55.
Aggressive: Try a small long position near 0.49, with a stop at 0.468 (about −4.5%) and an initial target of 0.53 (about +8%); exit if momentum stalls.
Conservative: Wait for a low-volume pullback to around 0.47 before entering, with a stop at 0.445 (about −5.3%). First target: 0.52; keep an eye on 0.55 for the remainder.
Will it hold above 0.50 at tonight’s close? Hold / Fail
Reminder: This analysis is for reference only and does not constitute investment advice!
#BR
Up about +24%, with open positions’ notional value also up roughly 50%—don’t chase at the current price.
It just fell back to around 0.50 from the 0.55 area; the 24h high was 0.553.
Futures open interest value rose about 55% in a little over a day, while funding rates remain negative at roughly −0.05% to −0.07%.
The long/short account ratio dropped from 1.6 to around 1.2 as shorts add positions. Don’t try to catch a falling knife.
Bias: Bullish, but only buy on a pullback—don’t chase near 0.55.
Aggressive: Try a small long position near 0.49, with a stop at 0.468 (about −4.5%) and an initial target of 0.53 (about +8%); exit if momentum stalls.
Conservative: Wait for a low-volume pullback to around 0.47 before entering, with a stop at 0.445 (about −5.3%). First target: 0.52; keep an eye on 0.55 for the remainder.
Will it hold above 0.50 at tonight’s close? Hold / Fail
Reminder: This analysis is for reference only and does not constitute investment advice!
#BR