Bearish, but $AIN at the top of the leaderboard makes me uneasy.
Over the past day, price rose as open interest fell. Hmm~—there’s still not enough evidence of a handoff.
Good morning. BTC is up 0.60% from this time yesterday, with the bullish switch turned on.
$IDOL ranks second, with bullish technical signals.
$BEAMX is close behind, with neutral overall technical signals.
Over the past day, open interest in $AIN contracts fell 3.63% from before.
The overall technical signal is bullish, which goes against me, so my bearish conviction has eased to mild.
I put more stock in rising prices alongside falling open interest; there’s not enough evidence yet that rising open interest is supporting the move.
Let’s give the bulls’ grand expansion a different name: thinner slices of bread, puffier bags—poof~.
This time, let the levels keep score:
To confirm weakness, price needs to break below 0.225.
What would make me drop my bearish view is a move above 0.34; then I’ll admit I was wrong.
Do you think the 3.63% drop in open interest shows a lack of follow-through, or is it just position turnover as prices rise?
#AIN #CryptoMarket
Data from Binance public market data; this is not investment advice
Over the past day, price rose as open interest fell. Hmm~—there’s still not enough evidence of a handoff.
Good morning. BTC is up 0.60% from this time yesterday, with the bullish switch turned on.
$IDOL ranks second, with bullish technical signals.
$BEAMX is close behind, with neutral overall technical signals.
Over the past day, open interest in $AIN contracts fell 3.63% from before.
The overall technical signal is bullish, which goes against me, so my bearish conviction has eased to mild.
I put more stock in rising prices alongside falling open interest; there’s not enough evidence yet that rising open interest is supporting the move.
Let’s give the bulls’ grand expansion a different name: thinner slices of bread, puffier bags—poof~.
This time, let the levels keep score:
To confirm weakness, price needs to break below 0.225.
What would make me drop my bearish view is a move above 0.34; then I’ll admit I was wrong.
Do you think the 3.63% drop in open interest shows a lack of follow-through, or is it just position turnover as prices rise?
#AIN #CryptoMarket
Data from Binance public market data; this is not investment advice
