About 12 hours ago, we flagged three morning bullish setups. So far, two out of three have played out, while one failed to follow through.
Accumulation is underway.
SOPH: Played out—the bullish call on this one came through.
After the call, the price continued higher, gaining 40.22%, showing clear directional follow-through.
Open interest rose 59.4% in tandem, indicating continued interest in contracts as the price climbed.
NIGHT: Played out—the price continued to rise in line with the morning bullish call.
After the call, the price gained 3.37% and open interest increased 12.65%, suggesting this move higher was not driven by price alone.
However, the taker buy/sell ratio fell to 0.92, and aggressive buying has weakened. Further follow-through remains to be confirmed.
OPEN: Fizzled—the morning bullish call did not play out.
After the call, the price fell 4.97% and open interest also declined by 6.59%. Both price and open interest lagged, undermining the original direction.
The taker buy/sell ratio fell to 0.77, and there is currently no sign of aggressive buyers stepping back in.
Next, we’ll watch whether the prices of the two setups that played out can continue rising, whether open interest can continue to support them, and whether aggressive buying picks up.
For OPEN, we’ll watch to see whether price, open interest, and aggressive buying can recover together; otherwise, it remains evidence against the morning bullish call.
Generated with the assistance of Claude Fable 5. Content is for market information only and does not constitute investment advice.
Accumulation is underway.
SOPH: Played out—the bullish call on this one came through.
After the call, the price continued higher, gaining 40.22%, showing clear directional follow-through.
Open interest rose 59.4% in tandem, indicating continued interest in contracts as the price climbed.
NIGHT: Played out—the price continued to rise in line with the morning bullish call.
After the call, the price gained 3.37% and open interest increased 12.65%, suggesting this move higher was not driven by price alone.
However, the taker buy/sell ratio fell to 0.92, and aggressive buying has weakened. Further follow-through remains to be confirmed.
OPEN: Fizzled—the morning bullish call did not play out.
After the call, the price fell 4.97% and open interest also declined by 6.59%. Both price and open interest lagged, undermining the original direction.
The taker buy/sell ratio fell to 0.77, and there is currently no sign of aggressive buyers stepping back in.
Next, we’ll watch whether the prices of the two setups that played out can continue rising, whether open interest can continue to support them, and whether aggressive buying picks up.
For OPEN, we’ll watch to see whether price, open interest, and aggressive buying can recover together; otherwise, it remains evidence against the morning bullish call.
Generated with the assistance of Claude Fable 5. Content is for market information only and does not constitute investment advice.
