Over the past 24 hours, #ENA rose 8.66%, while open interest in futures increased by 15.3%. But spot CVD continues to decline, and the funding rate is positive—suggesting bullish sentiment in futures, while spot buying has yet to follow through.
Keep a close eye on $0.187 and $0.169: above, watch for a break above the descending trendline; below, holding $0.169 is key to stabilizing the structure.
Don’t rush to chase longs! Without follow-through from spot buyers, a rally driven solely by futures could fizzle out at any moment.
Keep a close eye on $0.187 and $0.169: above, watch for a break above the descending trendline; below, holding $0.169 is key to stabilizing the structure.
Don’t rush to chase longs! Without follow-through from spot buyers, a rally driven solely by futures could fizzle out at any moment.
