That 7:15 five-minute candle was still above 0.0051 at $AKE , then closed with a straight dump to 0.0040; the 7:00 hourly candle fell from 0.00506 to 0.00286, with 35 million U in volume in a single hour—a drop of over 40%. It’s now hovering around 0.00253, already down by half in 24 hours.
I’m siding with the bears on this move; I’m not catching a falling knife. Two reasons: while the price was halved, the number of contracts rose from 2.09 billion at 07:15 to 2.49 billion at 08:00, yet open interest value fell from 10.66 million U to 7.16 million U—new positions are piling in as the price falls; large traders’ long account ratio climbed from 58.7% to 60.5%, and the long/short ratio went from 1.42 to 1.53. People are buying the dip, but the price isn’t cooperating, and the funding rate flipped to -0.076% at 08:00.
Resistance is at 0.00286 and 0.00310. If it gets above 0.00310, I’m out; if it breaks below this morning’s low of 0.00252, I’ll stay short.
Are you buying the dip around 0.0025, or waiting for a bounce to short?
#AKE #合约异动 #永续合约 #Altcoins
I’m siding with the bears on this move; I’m not catching a falling knife. Two reasons: while the price was halved, the number of contracts rose from 2.09 billion at 07:15 to 2.49 billion at 08:00, yet open interest value fell from 10.66 million U to 7.16 million U—new positions are piling in as the price falls; large traders’ long account ratio climbed from 58.7% to 60.5%, and the long/short ratio went from 1.42 to 1.53. People are buying the dip, but the price isn’t cooperating, and the funding rate flipped to -0.076% at 08:00.
Resistance is at 0.00286 and 0.00310. If it gets above 0.00310, I’m out; if it breaks below this morning’s low of 0.00252, I’ll stay short.
Are you buying the dip around 0.0025, or waiting for a bounce to short?
#AKE #合约异动 #永续合约 #Altcoins
