From 10:10 to 10:20, just two five-minute candles, $UAI crashed from 0.0615 to 0.0447. Those two candles together saw 6.31 million U in trading volume.
Half an hour ago, it had surged to 0.0703. Those who chased it are still stuck near the top.
I’m short this time for three reasons:
First, open interest increased instead of decreasing as the price fell. The number of contract positions rose from about 104 million at 08:30 to about 123 million now. The price has dropped more than 30%, yet positions keep piling up. The longs aren’t giving up and exiting—they’re buying the dip and catching a falling knife.
Second, long accounts across the market have stayed around 70%, with a long-to-short account ratio above 2.3. The crowd is heavily packed on one side, so there’s still fuel for a move down.
Third, trading volume in the 10 o’clock hour is already close to 9 million U—more than four times the roughly 2 million U per hour at 7 and 8 this morning. The sell-off came on rising volume, while active buying clearly hasn’t kept up during the rebound.
The price is now moving sideways around 0.049. This isn’t a bottom forming—it’s waiting for the next leg down.
0.0550 is where the candle at 10:15 started its drop. If the price gets back above that, I’m out; if it can’t hold 0.0447, I’m looking for another move down.
A question: those of you who bought in around 0.05, what’s your reasoning? Do you think it’s oversold, or have you spotted another signal?
#UAI #合约 #山寨币 #UnusualMove
Half an hour ago, it had surged to 0.0703. Those who chased it are still stuck near the top.
I’m short this time for three reasons:
First, open interest increased instead of decreasing as the price fell. The number of contract positions rose from about 104 million at 08:30 to about 123 million now. The price has dropped more than 30%, yet positions keep piling up. The longs aren’t giving up and exiting—they’re buying the dip and catching a falling knife.
Second, long accounts across the market have stayed around 70%, with a long-to-short account ratio above 2.3. The crowd is heavily packed on one side, so there’s still fuel for a move down.
Third, trading volume in the 10 o’clock hour is already close to 9 million U—more than four times the roughly 2 million U per hour at 7 and 8 this morning. The sell-off came on rising volume, while active buying clearly hasn’t kept up during the rebound.
The price is now moving sideways around 0.049. This isn’t a bottom forming—it’s waiting for the next leg down.
0.0550 is where the candle at 10:15 started its drop. If the price gets back above that, I’m out; if it can’t hold 0.0447, I’m looking for another move down.
A question: those of you who bought in around 0.05, what’s your reasoning? Do you think it’s oversold, or have you spotted another signal?
#UAI #合约 #山寨币 #UnusualMove
