$IDOL down to $0.0300. Above $0.0402 I'm wrong.
It ran from $0.0274 to $0.040236 in three hours on 14.5M of volume in the 10:00 hour, then handed the whole move back to $0.0347 inside the next one. Open interest grew from 21.8M to 30.5M over that stretch, so the breakout was funded with borrowed leverage, and funding is still positive at 0.0091% per 4h while the account long/short ratio slid from 1.28 to 1.19. The crowd that bought the spike is paying to sit there.
$0.0300 is the shelf below. Which comes first, $0.0300 or $0.0402?
It ran from $0.0274 to $0.040236 in three hours on 14.5M of volume in the 10:00 hour, then handed the whole move back to $0.0347 inside the next one. Open interest grew from 21.8M to 30.5M over that stretch, so the breakout was funded with borrowed leverage, and funding is still positive at 0.0091% per 4h while the account long/short ratio slid from 1.28 to 1.19. The crowd that bought the spike is paying to sit there.
$0.0300 is the shelf below. Which comes first, $0.0300 or $0.0402?
