Golden Pig’s take: $ONE I’m not chasing this move. If I want to go long, I’ll wait until it holds today’s low before deciding—because Harmony’s own chain stopped producing blocks on September 10, and the team plans to migrate ONE to Ethereum.
The chain has stopped, but the token price still jumped about 70% in a single day on November 6 (Binance spot: 0.00106 → 0.0018). The next day it briefly more than doubled, but it has given back quite a bit over the past two days.
What’s worth paying closer attention to: Binance futures trading volume over 24 hours was about 370 million U, while spot volume was only around 34 million U—roughly 11 times less. This market action is being driven mainly by futures, so it can move fast in either direction.
My approach: if I want to go long, I’ll watch whether it can hold around 0.00169. If it holds, I’ll try a small position; if it breaks below, I’ll exit. If it rebounds to around 0.0020, I’ll take some profit first. There’s no new first-hand information, so I’m treating this as a short-term trade only.
The chain has stopped, but the token is still being traded—how would you manage your position in this kind of market?
#ONE #Harmony #币安合约 $ONE $BTC
Data sources: Binance public spot and futures market data; Harmony’s official September announcement (reported by The Block and others). Not investment advice. DYOR.
The chain has stopped, but the token price still jumped about 70% in a single day on November 6 (Binance spot: 0.00106 → 0.0018). The next day it briefly more than doubled, but it has given back quite a bit over the past two days.
What’s worth paying closer attention to: Binance futures trading volume over 24 hours was about 370 million U, while spot volume was only around 34 million U—roughly 11 times less. This market action is being driven mainly by futures, so it can move fast in either direction.
My approach: if I want to go long, I’ll watch whether it can hold around 0.00169. If it holds, I’ll try a small position; if it breaks below, I’ll exit. If it rebounds to around 0.0020, I’ll take some profit first. There’s no new first-hand information, so I’m treating this as a short-term trade only.
The chain has stopped, but the token is still being traded—how would you manage your position in this kind of market?
#ONE #Harmony #币安合约 $ONE $BTC
Data sources: Binance public spot and futures market data; Harmony’s official September announcement (reported by The Block and others). Not investment advice. DYOR.
