+89.6% on IOST—some honest observations from the order book
Another meme-coin-level candle. Here are the numbers: IOST $0.001646, 24h +89.6%, trading volume $40 million, volume ratio 50.7, funding rate -0.963%/8h. Also, SPCXB +13.4% and NEAR +8.9%.
Interesting: with the funding rate at -0.963%, shorts are paying while waiting for a crash, and longs are holding on tight instead of selling. One side or the other will have to admit they were wrong.
This is about passing the baton, not fundamentals. Resistance at $0.001129 (now reclaimed): if price holds above it on strong volume, that could be a second wave. If it fails to break through and falls below support at $0.000706, call it a top. Let's compare notes tomorrow night.
Just post your position size as a percentage in the comments: how much of your portfolio is in right now? I'll be back at the same time tomorrow night to compare notes.
These are my personal observations of the market and are not investment advice. DYOR.
$IOST $SPCXB $NEAR #IOST #SPCXB #NEAR #BTC #MarketMoves
Another meme-coin-level candle. Here are the numbers: IOST $0.001646, 24h +89.6%, trading volume $40 million, volume ratio 50.7, funding rate -0.963%/8h. Also, SPCXB +13.4% and NEAR +8.9%.
Interesting: with the funding rate at -0.963%, shorts are paying while waiting for a crash, and longs are holding on tight instead of selling. One side or the other will have to admit they were wrong.
This is about passing the baton, not fundamentals. Resistance at $0.001129 (now reclaimed): if price holds above it on strong volume, that could be a second wave. If it fails to break through and falls below support at $0.000706, call it a top. Let's compare notes tomorrow night.
Just post your position size as a percentage in the comments: how much of your portfolio is in right now? I'll be back at the same time tomorrow night to compare notes.
These are my personal observations of the market and are not investment advice. DYOR.
$IOST $SPCXB $NEAR #IOST #SPCXB #NEAR #BTC #MarketMoves