It plunged from 0.202 to 0.149. In less than two hours, $ON gave back the entire rally from 2 p.m.
The 2 p.m. hourly candle climbed from 0.1744 to 0.1921, up 10.15%, with 8.018 million U in volume. The 3 p.m. candle peaked at 0.2021, with 8.254 million U in volume. The 4 p.m. candle fell from 0.192 to close at 0.1735, down 9.64%, with 5.870 million U in volume. The 5 p.m. candle opened at 0.1735 and hit a low of 0.1491, a maximum pullback of 14.1%. The price is now around 0.154.
Some say the longs closed their positions and ran. But the open interest tells a different story: at 3:10 p.m., it was 64.87 million contracts, with a notional value of 12.42 million U. It fell to 63.04 million contracts at 5:20, then rebounded to 63.41 million at 5:30. The price was falling, but the number of contracts was rising, not falling, while the notional value dropped to 10.04 million U. Long positions in accounts stayed around 60%; at 5:35, they were still at 60.3%. In the five-minute candles from 5:15 to 5:25, the aggressive buy/sell ratios were 0.59, 0.78, and 0.73, respectively—sellers were in control.
Shorts are adding to their positions, while the longs haven't finished exiting. Resistance is in the 0.1671–0.1758 range. If it gets above 0.1758, I’m out; if it breaks below 0.1491, the next level down is 0.1362, where it was this morning.
If you chased longs at 2 p.m., are you still holding? Tell us why.
#ON #持仓数据 #多空比 #CryptoMarket
The 2 p.m. hourly candle climbed from 0.1744 to 0.1921, up 10.15%, with 8.018 million U in volume. The 3 p.m. candle peaked at 0.2021, with 8.254 million U in volume. The 4 p.m. candle fell from 0.192 to close at 0.1735, down 9.64%, with 5.870 million U in volume. The 5 p.m. candle opened at 0.1735 and hit a low of 0.1491, a maximum pullback of 14.1%. The price is now around 0.154.
Some say the longs closed their positions and ran. But the open interest tells a different story: at 3:10 p.m., it was 64.87 million contracts, with a notional value of 12.42 million U. It fell to 63.04 million contracts at 5:20, then rebounded to 63.41 million at 5:30. The price was falling, but the number of contracts was rising, not falling, while the notional value dropped to 10.04 million U. Long positions in accounts stayed around 60%; at 5:35, they were still at 60.3%. In the five-minute candles from 5:15 to 5:25, the aggressive buy/sell ratios were 0.59, 0.78, and 0.73, respectively—sellers were in control.
Shorts are adding to their positions, while the longs haven't finished exiting. Resistance is in the 0.1671–0.1758 range. If it gets above 0.1758, I’m out; if it breaks below 0.1491, the next level down is 0.1362, where it was this morning.
If you chased longs at 2 p.m., are you still holding? Tell us why.
#ON #持仓数据 #多空比 #CryptoMarket
