$ARB 0.1344, over the day it bounced 9.5% from a low of 0.1227 and almost returned to yesterday’s price.
What I see: the bounce came as positions were closed, with open interest down 4.5% over the day. Longs and shorts are almost evenly split (1.08), funding is slightly negative, and market buys and sells are balanced.
What I think: shorts on the liquidation map are just above the price, from 0.137 to 0.139; longs are below, from 0.129 to 0.132, and there are about twice as many of them. Chance of being touched within 24 hours: 0.138 around 67%, 0.141 around 44%, downside 0.131 around 68%, 0.129 around 51%.
What would change my view: open interest rising along with the price moving above 0.139. I’m also watching ETH: L2s usually follow it.
I’ll check tomorrow to see if it worked. Subscribe to see the score.
Not financial advice.
Which comes first: 0.138 or 0.131?
#ARB #криптовалюта #Трейдинг
What I see: the bounce came as positions were closed, with open interest down 4.5% over the day. Longs and shorts are almost evenly split (1.08), funding is slightly negative, and market buys and sells are balanced.
What I think: shorts on the liquidation map are just above the price, from 0.137 to 0.139; longs are below, from 0.129 to 0.132, and there are about twice as many of them. Chance of being touched within 24 hours: 0.138 around 67%, 0.141 around 44%, downside 0.131 around 68%, 0.129 around 51%.
What would change my view: open interest rising along with the price moving above 0.139. I’m also watching ETH: L2s usually follow it.
I’ll check tomorrow to see if it worked. Subscribe to see the score.
Not financial advice.
Which comes first: 0.138 or 0.131?
#ARB #криптовалюта #Трейдинг
