$Bull Is Coming fell more than 10% in 24 hours, while the 1-hour RSI rose to 74: this looks more like a relief bounce after a sharp drop than trend confirmation.
As of 20:23, spot was 0.05130, down 10.57% over 24 hours, with a low of 0.04330; open interest was down 1.76% over 24 hours, and the long/short account ratio fell to 0.93. The 1-hour candle closed at 0.05090, near the EMA20 at around 0.05127, and still below the EMA50 at around 0.05389.
Verifiable facts are that price plunged, positions were closed, and short accounts are dominant; the market inference is that liquidations have eased, and the bounce is more likely driven by short covering and buying support at lower levels than a reversal. The 0.06180, 0.06080, and 0.05980 levels from November 13 were all lost; there was no formal entry plan, so no entry was made.
If it holds above 0.05180 on the 1-hour chart, watch 0.05390 and 0.05490; if it loses 0.05020, watch 0.04800 and 0.04330. Data on position concentration and the full unlock schedule is insufficient.
#牛来 #行情分析 #Risk Management
As of 20:23, spot was 0.05130, down 10.57% over 24 hours, with a low of 0.04330; open interest was down 1.76% over 24 hours, and the long/short account ratio fell to 0.93. The 1-hour candle closed at 0.05090, near the EMA20 at around 0.05127, and still below the EMA50 at around 0.05389.
Verifiable facts are that price plunged, positions were closed, and short accounts are dominant; the market inference is that liquidations have eased, and the bounce is more likely driven by short covering and buying support at lower levels than a reversal. The 0.06180, 0.06080, and 0.05980 levels from November 13 were all lost; there was no formal entry plan, so no entry was made.
If it holds above 0.05180 on the 1-hour chart, watch 0.05390 and 0.05490; if it loses 0.05020, watch 0.04800 and 0.04330. Data on position concentration and the full unlock schedule is insufficient.
#牛来 #行情分析 #Risk Management