Everyone, today’s bullish candle for $GRAM looks pretty lively.
Over 24 hours: up 8.658%, price at 1.117, compared with yesterday’s close of 1.038.
Honestly, at first glance I thought I was seeing things. I checked the daily chart twice before I believed it.
But don’t rush to say it’s back.
The 20-day range is 1.366 to 0.99, and the current price is only at the 33.777% percentile.
It’s up 8.658%, but less than half the hole has been filled. It’s still sitting in the bottom third of the range.
I’m watching the open interest column.
Over seven days, the number of contracts fell 12.207%, and the notional value dropped 23.321%.
When the price rises while the number of open contracts keeps falling over the course of seven days, it means the money driving this rebound isn’t new buying support—it can only be short covering.
It’s the same old market, but a new batch of players.
The funding rate is only 0.005%. Longs aren’t crowded at all; no one is rushing to pile on leverage and chase it.
Today’s trading volume was 43.0991 million USDT, compared with just 16.9502 million yesterday. Volume really did pick up.
It’s like people suddenly showing up at the warehouse door while the goods are quietly dwindling.
Liquidity is there, but we’ll need to watch for another couple of days to see if there’s enough support.
Long accounts are at 51.40%, and large traders at 59.25%. The divide hasn’t really widened yet.
My approach is to keep an eye on it, not chase this candle.
Is 1.144 the ceiling for this move?
What do you all think? Let’s talk in the comments.
$BTC $ETH
#GRAM #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of data. It does not constitute investment advice.
Over 24 hours: up 8.658%, price at 1.117, compared with yesterday’s close of 1.038.
Honestly, at first glance I thought I was seeing things. I checked the daily chart twice before I believed it.
But don’t rush to say it’s back.
The 20-day range is 1.366 to 0.99, and the current price is only at the 33.777% percentile.
It’s up 8.658%, but less than half the hole has been filled. It’s still sitting in the bottom third of the range.
I’m watching the open interest column.
Over seven days, the number of contracts fell 12.207%, and the notional value dropped 23.321%.
When the price rises while the number of open contracts keeps falling over the course of seven days, it means the money driving this rebound isn’t new buying support—it can only be short covering.
It’s the same old market, but a new batch of players.
The funding rate is only 0.005%. Longs aren’t crowded at all; no one is rushing to pile on leverage and chase it.
Today’s trading volume was 43.0991 million USDT, compared with just 16.9502 million yesterday. Volume really did pick up.
It’s like people suddenly showing up at the warehouse door while the goods are quietly dwindling.
Liquidity is there, but we’ll need to watch for another couple of days to see if there’s enough support.
Long accounts are at 51.40%, and large traders at 59.25%. The divide hasn’t really widened yet.
My approach is to keep an eye on it, not chase this candle.
Is 1.144 the ceiling for this move?
What do you all think? Let’s talk in the comments.
$BTC $ETH
#GRAM #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of data. It does not constitute investment advice.
