I See Everyone Chasing $OGN Now... I'm Late Too, But The Data Says I'm Not Too Late đš
First, derivatives. OI exploded toward $435M, funding is around -0.893%, while around 60% of accounts are short. That's a lot of leverage and squeeze fuel.
The liquidation maps show important liquidity above the current price around $0.044-$0.047, while below there are major areas around $0.036-$0.0375 and $0.032-$0.034.
CVD is still strong: Futures CVD +56.5M and Spot CVD +78.8M. Futures orderbook delta is -1.9M, but spot orderbook delta remains +272.8K.
Now the spot flow is what I really like. 1H is almost neutral at +2M, but 4H is +50.61M and 1D is +85.12M, with 1D large-wallet flow alone around +42.83M OGN.
So what does all this tell me? Honestly, I don't think I'm as late as the chart makes it look. Bigger-timeframe money is still flowing in while shorts are heavily positioned.
But guys, do you ever ask yourself why OGN is pumping before entering? The reason matters.
Today, Oct 8, BingX launched OGNUSDT perpetuals at 08:30 UTC, adding a fresh derivatives market. BingX also announced today that OGN funding settlement would move to every 4 hours. That adds another important layer to today's move.
đ My take: I'm bullish, but I'm NOT chasing. OGN is already up 90%+, and the first rejection clearly shows short-term traders taking profit. Another 10-20% correction wouldn't surprise me.
Actually, that correction will tell us a lot about whether this pump is sustainable.
My plan is simple: wait for the pullback, then check 15M confirmation and whether 1H spot flow is weakening or turning bullish. Positive flow = I consider LONG. For safer confirmation, you can wait for 30M, but you may miss the entry if it pumps before then.
Next Token Analysis đ $MET
First, derivatives. OI exploded toward $435M, funding is around -0.893%, while around 60% of accounts are short. That's a lot of leverage and squeeze fuel.
The liquidation maps show important liquidity above the current price around $0.044-$0.047, while below there are major areas around $0.036-$0.0375 and $0.032-$0.034.
CVD is still strong: Futures CVD +56.5M and Spot CVD +78.8M. Futures orderbook delta is -1.9M, but spot orderbook delta remains +272.8K.
Now the spot flow is what I really like. 1H is almost neutral at +2M, but 4H is +50.61M and 1D is +85.12M, with 1D large-wallet flow alone around +42.83M OGN.
So what does all this tell me? Honestly, I don't think I'm as late as the chart makes it look. Bigger-timeframe money is still flowing in while shorts are heavily positioned.
But guys, do you ever ask yourself why OGN is pumping before entering? The reason matters.
Today, Oct 8, BingX launched OGNUSDT perpetuals at 08:30 UTC, adding a fresh derivatives market. BingX also announced today that OGN funding settlement would move to every 4 hours. That adds another important layer to today's move.
đ My take: I'm bullish, but I'm NOT chasing. OGN is already up 90%+, and the first rejection clearly shows short-term traders taking profit. Another 10-20% correction wouldn't surprise me.
Actually, that correction will tell us a lot about whether this pump is sustainable.
My plan is simple: wait for the pullback, then check 15M confirmation and whether 1H spot flow is weakening or turning bullish. Positive flow = I consider LONG. For safer confirmation, you can wait for 30M, but you may miss the entry if it pumps before then.
Next Token Analysis đ $MET