At 2:30 p.m., around 1.596, I said that if it kept climbing after the $PIEVERSE pump without pulling back, it was going to keep going. A little after 8 p.m., it hit 1.8578—a 16% gain in seven hours.
Looking back, the logic at the time came down to two things:
First, after the surge on heavy volume at noon, the price moved sideways for two hours and only dipped to 1.5756 at its lowest. It gave back none of the gains. A market being distributed wouldn’t stay that steady.
Second, the top-trader long/short ratio was 1.61. Big money stayed on the long side.
What happened next confirmed it: from 4 p.m. onward, the lows kept moving higher. At 7 p.m., price broke above 1.6509 on heavy volume, with 6.47 million U traded that hour—four times the volume during the daytime range. Open interest rose from 12.15 million contracts at 1 p.m. to 12.99 million at 9 p.m., while the value of open interest climbed from 19.53 million U to 23.75 million U. Money came in alongside the price rise.
What’s more interesting now: the share of retail accounts holding longs dropped to 49.2% at 8 p.m., falling below half for the first time, while the top-trader long/short ratio remained at 1.55. Retail traders are getting off the ride; big money hasn’t left.
I’m staying bullish. 1.8578 is the new resistance—breaking above it would open the way for the next leg. I’m moving my stop up to 1.7422; if it falls below that, I’m out.
Did you hold through this move, or get off halfway?
#PIEVERSE #山寨币 #Recap
Looking back, the logic at the time came down to two things:
First, after the surge on heavy volume at noon, the price moved sideways for two hours and only dipped to 1.5756 at its lowest. It gave back none of the gains. A market being distributed wouldn’t stay that steady.
Second, the top-trader long/short ratio was 1.61. Big money stayed on the long side.
What happened next confirmed it: from 4 p.m. onward, the lows kept moving higher. At 7 p.m., price broke above 1.6509 on heavy volume, with 6.47 million U traded that hour—four times the volume during the daytime range. Open interest rose from 12.15 million contracts at 1 p.m. to 12.99 million at 9 p.m., while the value of open interest climbed from 19.53 million U to 23.75 million U. Money came in alongside the price rise.
What’s more interesting now: the share of retail accounts holding longs dropped to 49.2% at 8 p.m., falling below half for the first time, while the top-trader long/short ratio remained at 1.55. Retail traders are getting off the ride; big money hasn’t left.
I’m staying bullish. 1.8578 is the new resistance—breaking above it would open the way for the next leg. I’m moving my stop up to 1.7422; if it falls below that, I’m out.
Did you hold through this move, or get off halfway?
#PIEVERSE #山寨币 #Recap
