$SOL 72.75 and lost 9.1% in 24 hours, with a daily low of 71.84.
What I see: there are 3.7 longs for every short, funding has turned negative, and open interest has fallen 1.3% in 3 hours. The crowd is still holding longs, but isn't opening new positions.
What I think: there's a dense wall of shorts above on the liquidation map, at 74.4 to 74.8 and 76.1 to 76.4, while there's almost nothing below. Odds of a touch within 24 hours: 71.2 around 57%, 74.7 around 49%, 76.3 around 21%.
What would change my mind: open interest rising as the price moves back above 74.7. Then shorts will have to close.
I'll check tomorrow to see if it worked. Subscribe to see the score.
Not financial advice.
Which comes first: 71.2 or 74.7?
#sol #криптовалюта #Трейдинг
What I see: there are 3.7 longs for every short, funding has turned negative, and open interest has fallen 1.3% in 3 hours. The crowd is still holding longs, but isn't opening new positions.
What I think: there's a dense wall of shorts above on the liquidation map, at 74.4 to 74.8 and 76.1 to 76.4, while there's almost nothing below. Odds of a touch within 24 hours: 71.2 around 57%, 74.7 around 49%, 76.3 around 21%.
What would change my mind: open interest rising as the price moves back above 74.7. Then shorts will have to close.
I'll check tomorrow to see if it worked. Subscribe to see the score.
Not financial advice.
Which comes first: 71.2 or 74.7?
#sol #криптовалюта #Трейдинг
