First, the numbers: $RSR is at 0.001596, up 5.14% in 24 hours.
Its 24-hour high is 0.001603, so the price is sitting just 0.000007 below the high. The 24-hour low is 0.001513.
The 1-hour move is only +1.01%, so most of today's gain was built earlier, and the price has been holding near the top since.
Turnover is 2.014 million dollars in 24 hours, and open interest is 5.6 million dollars, down 15.42% in 24 hours. The move is not being chased with a pile of new leveraged positions.
Funding is -0.122% per 8 hours, and the account long/short ratio is 0.82. In plain terms, shorts are paying longs, and more accounts are short than long — yet the price is still near its high.
That is the part worth watching: if the price stays near 0.001603, shorts feel more pressure; if it slips back below 0.001513, today's high becomes a short-term top.
Are you watching $RSR hold near its high, or waiting for a pullback first?
#RSR #Crypto
Its 24-hour high is 0.001603, so the price is sitting just 0.000007 below the high. The 24-hour low is 0.001513.
The 1-hour move is only +1.01%, so most of today's gain was built earlier, and the price has been holding near the top since.
Turnover is 2.014 million dollars in 24 hours, and open interest is 5.6 million dollars, down 15.42% in 24 hours. The move is not being chased with a pile of new leveraged positions.
Funding is -0.122% per 8 hours, and the account long/short ratio is 0.82. In plain terms, shorts are paying longs, and more accounts are short than long — yet the price is still near its high.
That is the part worth watching: if the price stays near 0.001603, shorts feel more pressure; if it slips back below 0.001513, today's high becomes a short-term top.
Are you watching $RSR hold near its high, or waiting for a pullback first?
#RSR #Crypto
