At 3:30 p.m., $AGT was hammered down to 0.02302, the low of the day. At 4:05, a five-minute candle saw volume jump to 2.49 million U, driving the price straight from 0.02409 to 0.03045.
The 4 p.m. hourly candle closed at 0.04315, up 79.1% from 0.02409, with 41.47 million U in volume. The previous few hours had seen only a little over 100,000 each. At 5 p.m., the price continued higher to 0.05988, with 59.23 million U in volume for that hour.
Open interest rose from 368 million contracts at 4 p.m. to 469 million at 6 p.m., while its value expanded from 8.86 million U to 25.89 million U. Short covering alone couldn't have done this. The longs that got shaken out were those who entered at higher prices: the long share of large traders' accounts fell from 66.2% to 40.1%, and retail traders' share dropped from 63.6% to 41.9%. Short accounts now make up 60%.
The 15-minute candle at 5:30 p.m. touched 0.05988 and closed at 0.04935; the next candle plunged to a low of 0.0463, then rebounded to 0.05522. I’m treating that low as a shakeout. Resistance is at 0.05988; if the price holds above it, the November 3 high of 0.06193 is in view. Exit if it breaks below 0.0463.
At 8 p.m., the funding rate reached 0.118%. Longs have to pay, but shorts are already crowded on the account side. Do you see the 0.0463 low as a shakeout or a top?
#AGT #异动 #合约 #TopGainers
The 4 p.m. hourly candle closed at 0.04315, up 79.1% from 0.02409, with 41.47 million U in volume. The previous few hours had seen only a little over 100,000 each. At 5 p.m., the price continued higher to 0.05988, with 59.23 million U in volume for that hour.
Open interest rose from 368 million contracts at 4 p.m. to 469 million at 6 p.m., while its value expanded from 8.86 million U to 25.89 million U. Short covering alone couldn't have done this. The longs that got shaken out were those who entered at higher prices: the long share of large traders' accounts fell from 66.2% to 40.1%, and retail traders' share dropped from 63.6% to 41.9%. Short accounts now make up 60%.
The 15-minute candle at 5:30 p.m. touched 0.05988 and closed at 0.04935; the next candle plunged to a low of 0.0463, then rebounded to 0.05522. I’m treating that low as a shakeout. Resistance is at 0.05988; if the price holds above it, the November 3 high of 0.06193 is in view. Exit if it breaks below 0.0463.
At 8 p.m., the funding rate reached 0.118%. Longs have to pay, but shorts are already crowded on the account side. Do you see the 0.0463 low as a shakeout or a top?
#AGT #异动 #合约 #TopGainers
