$ALT
Up about +27.1%, with notional open interest up about 81% (nearly doubled) — the rally has been too steep; don't chase at the current price.
The current price is around 0.01088, with a 24-hour high of 0.01108. The number of open contracts has also risen by about 42%, as capital flows in.
Bias: bullish, but don't chase at the current price; wait for a pullback before scaling in.
Aggressive: cautiously go long on a pullback to around 0.01020, with a stop-loss at 0.00960 (about −5.9%) and an initial target of 0.01120.
Conservative: wait for 0.00970–0.00980 to hold before entering, with a stop-loss if it falls below 0.00920 (about −5.5%) and a target around 0.01080.
Will 0.0112 be reached first, or will 0.0100 break first?
Note: This analysis is for reference only and does not constitute investment advice!
#ALT #FuturesContractHeat
Up about +27.1%, with notional open interest up about 81% (nearly doubled) — the rally has been too steep; don't chase at the current price.
The current price is around 0.01088, with a 24-hour high of 0.01108. The number of open contracts has also risen by about 42%, as capital flows in.
Bias: bullish, but don't chase at the current price; wait for a pullback before scaling in.
Aggressive: cautiously go long on a pullback to around 0.01020, with a stop-loss at 0.00960 (about −5.9%) and an initial target of 0.01120.
Conservative: wait for 0.00970–0.00980 to hold before entering, with a stop-loss if it falls below 0.00920 (about −5.5%) and a target around 0.01080.
Will 0.0112 be reached first, or will 0.0100 break first?
Note: This analysis is for reference only and does not constitute investment advice!
#ALT #FuturesContractHeat