$CLANKER 24 hours have already doubled, and it surged another 20.8% in 1 hour.
Price: 23.43. This 1h candle traded 57.02 million U, 4.7 times the usual volume, and price has already broken above the 48-hour high of 20.54.
My take: Both volume and open interest are rising; 4h open interest is up 16.3%, which suggests this isn’t just a pump with no buyers behind it. But price is already at an extreme level, 112% above the 72-hour low. Yesterday’s first move was only 12.7, and the funding rate is +0.041%. Longs are starting to get crowded, so a pullback could come quickly.
Holding above 23.8 would signal continuation; dropping back to 20.5 would mean it was a false move.
Do you think this move by $CLANKER has a second leg, or should we be watching out for a pullback? Share your thoughts in the comments.
#CLANKER #山寨币 #Futures
This is not investment advice.
Price: 23.43. This 1h candle traded 57.02 million U, 4.7 times the usual volume, and price has already broken above the 48-hour high of 20.54.
My take: Both volume and open interest are rising; 4h open interest is up 16.3%, which suggests this isn’t just a pump with no buyers behind it. But price is already at an extreme level, 112% above the 72-hour low. Yesterday’s first move was only 12.7, and the funding rate is +0.041%. Longs are starting to get crowded, so a pullback could come quickly.
Holding above 23.8 would signal continuation; dropping back to 20.5 would mean it was a false move.
Do you think this move by $CLANKER has a second leg, or should we be watching out for a pullback? Share your thoughts in the comments.
#CLANKER #山寨币 #Futures
This is not investment advice.
