Everyone, when $LIT touched 3.5183, I kept my eyes on the order book and didn’t move.
Over the past 24 hours, it rose 9.431%, climbing all the way from 3.1311, with 67.25 million USDT in trading volume.
Right now, the price is sitting in the 90.48th percentile of the 20-day range, between the lower boundary at 2.5862 and the upper boundary at 3.5741.
I’m not chasing this move.
Open interest by notional value rose 15.64% in a day, while the number of contracts only rose 4.67%; the money moved more than three times faster than the positions.
It’s like there are more cars lined up at the warehouse gate than there are unloading; the price was pushed up before the goods even came in.
The funding rate is 0.004974%, and long accounts are at 60.49%, so this move still hasn’t reached the stage of full-blown crowding.
Positions are being moved upward, but the ceiling is only two points above our heads.
When price is crouching just below the ceiling, the hardest part isn’t being right—it’s resisting the urge to act.
Why would I assume it can break through for sure?
I only trust real follow-through; if the volume can’t keep up, it’s just a fake breakout.
Honestly, I’ve never felt comfortable with a setup in the 90%+ percentile like this.
My approach is to stay on watch and not jump in here.
If $BTC and $ETH weaken first, then this move won’t have the strength to hold up either.
What do you all think? Let’s discuss in the comments.
#比特币 #以太坊 #cryptocurrency
The above is a personal trading system record and data observation, and does not constitute investment advice
Over the past 24 hours, it rose 9.431%, climbing all the way from 3.1311, with 67.25 million USDT in trading volume.
Right now, the price is sitting in the 90.48th percentile of the 20-day range, between the lower boundary at 2.5862 and the upper boundary at 3.5741.
I’m not chasing this move.
Open interest by notional value rose 15.64% in a day, while the number of contracts only rose 4.67%; the money moved more than three times faster than the positions.
It’s like there are more cars lined up at the warehouse gate than there are unloading; the price was pushed up before the goods even came in.
The funding rate is 0.004974%, and long accounts are at 60.49%, so this move still hasn’t reached the stage of full-blown crowding.
Positions are being moved upward, but the ceiling is only two points above our heads.
When price is crouching just below the ceiling, the hardest part isn’t being right—it’s resisting the urge to act.
Why would I assume it can break through for sure?
I only trust real follow-through; if the volume can’t keep up, it’s just a fake breakout.
Honestly, I’ve never felt comfortable with a setup in the 90%+ percentile like this.
My approach is to stay on watch and not jump in here.
If $BTC and $ETH weaken first, then this move won’t have the strength to hold up either.
What do you all think? Let’s discuss in the comments.
#比特币 #以太坊 #cryptocurrency
The above is a personal trading system record and data observation, and does not constitute investment advice
