$PARTI The observation point left in the previous post was the funding rate settlement at 12:00 Taipei time. The reading is in: +0.0019%. The previous post was -0.0494%, and the one before that was -0.955%. This is the first time in this tracking series that it has crossed above zero, but the move is so small it’s practically flat—neither side has taken a position.
On price, it first broke through the lower boundary at 0.0559, reaching a low of 0.0546, 2.3% below it. The upper boundary at 0.063, meanwhile, was still 3.5% away and remained untouched; the high was 0.0608. The current price has returned to the opening price of 0.0569. The full 11.4% swing played out and then gave back all its gains, ending where it started.
24-hour turnover was about 41.16 million USDT, up 7.9% from the 38.14 million in the previous post. The swing narrowed from 12.7% to 11.4%, but volume didn’t retreat. Price went full circle, funding costs returned to zero, and turnover remained elevated. With all three happening at once, this candle hasn’t signaled a direction.
To say this stretch is still holding on the strong side, it first needs to close above 0.0608 and hold there; 0.063 is the next level above. If 0.0546 breaks again, the entire lower range of this candle will have been given back.
Here’s the counterpoint too: the current price has bounced from 0.0546 back to the opening price, and the 24-hour account is still showing +45.9%. This kind of pattern can open up again in a single four-hour candle.
#MarketAnalysis
On price, it first broke through the lower boundary at 0.0559, reaching a low of 0.0546, 2.3% below it. The upper boundary at 0.063, meanwhile, was still 3.5% away and remained untouched; the high was 0.0608. The current price has returned to the opening price of 0.0569. The full 11.4% swing played out and then gave back all its gains, ending where it started.
24-hour turnover was about 41.16 million USDT, up 7.9% from the 38.14 million in the previous post. The swing narrowed from 12.7% to 11.4%, but volume didn’t retreat. Price went full circle, funding costs returned to zero, and turnover remained elevated. With all three happening at once, this candle hasn’t signaled a direction.
To say this stretch is still holding on the strong side, it first needs to close above 0.0608 and hold there; 0.063 is the next level above. If 0.0546 breaks again, the entire lower range of this candle will have been given back.
Here’s the counterpoint too: the current price has bounced from 0.0546 back to the opening price, and the 24-hour account is still showing +45.9%. This kind of pattern can open up again in a single four-hour candle.
#MarketAnalysis
