Over the past hour (the 60 minutes before 08:00), $MEGA reached a high of 0.0456 and a low of 0.0449, for a range of 1.63%. It’s now at 0.0452, near the upper end.
It’s up 4.10% over 24 hours, and open interest is up 5.6% over the past 4 hours. Price and open interest are moving in the same direction, with new money chasing longs. This is a solid move, but if it reverses, stop-losses could trigger in a chain reaction.
The volume ratio is 0.35—volume is shrinking, but open interest is still moving (+5.6%). It’s as if no one’s paying attention to price, while positions keep grinding away.
That’s what the market looks like.
No one’s hurting much—that’s when it’s hardest to trade. $MEGA hasn’t made a decisive move in either direction. It’s now at 0.0452, near the upper end.
In the DeFi sector, $RUNE surged to +3.8%, while $OGN is still up +4.4%. Who’s next this time?
Just keeping a record; this isn’t advice.
Are you on the side squeezing others today, or the side getting squeezed?
#MEGA #DeFi #Cryptocurrency
It’s up 4.10% over 24 hours, and open interest is up 5.6% over the past 4 hours. Price and open interest are moving in the same direction, with new money chasing longs. This is a solid move, but if it reverses, stop-losses could trigger in a chain reaction.
The volume ratio is 0.35—volume is shrinking, but open interest is still moving (+5.6%). It’s as if no one’s paying attention to price, while positions keep grinding away.
That’s what the market looks like.
No one’s hurting much—that’s when it’s hardest to trade. $MEGA hasn’t made a decisive move in either direction. It’s now at 0.0452, near the upper end.
In the DeFi sector, $RUNE surged to +3.8%, while $OGN is still up +4.4%. Who’s next this time?
Just keeping a record; this isn’t advice.
Are you on the side squeezing others today, or the side getting squeezed?
#MEGA #DeFi #Cryptocurrency
