$XRP 0.952, bounced 7% off the low of 0.892 during the day, but is down 2% again over the last 4 hours.
What I see: there are 2.6 times more long accounts than short accounts, while funding is slightly negative at -0.007%. Market sellers are stronger than buyers: 0.87 over 6 hours.
What I think: the largest long liquidation cluster is between 0.933 and 0.940, just 1.5% below the price. Shorts are higher, between 0.973 and 0.983, and there are roughly half as many on the map. Chance of being hit within 24 hours: 0.938 around 76%, 0.924 around 55%, to the upside, 0.975 around 65%, 0.983 around 54%.
What would change my mind: open interest rising along with the price moving above 0.965. Then shorts would be under pressure.
I’ll check this evening to see if it played out. Subscribe to see the score.
Not financial advice.
Which comes first: 0.938 or 0.975?
#xrp #криптовалюта #Трейдинг
What I see: there are 2.6 times more long accounts than short accounts, while funding is slightly negative at -0.007%. Market sellers are stronger than buyers: 0.87 over 6 hours.
What I think: the largest long liquidation cluster is between 0.933 and 0.940, just 1.5% below the price. Shorts are higher, between 0.973 and 0.983, and there are roughly half as many on the map. Chance of being hit within 24 hours: 0.938 around 76%, 0.924 around 55%, to the upside, 0.975 around 65%, 0.983 around 54%.
What would change my mind: open interest rising along with the price moving above 0.965. Then shorts would be under pressure.
I’ll check this evening to see if it played out. Subscribe to see the score.
Not financial advice.
Which comes first: 0.938 or 0.975?
#xrp #криптовалюта #Трейдинг
