$IDOL is up 68% in 24 hours… but buying up here after that kind of pump? I’d be careful. It already touched $0.031411 and got pushed back toward $0.025. That’s a pretty serious rejection from the highs.
Another thing: the 4H funding rate is still positive, meaning longs are paying to stay in the game.
After a move this big, I wouldn’t be surprised if some late buyers get caught chasing.
My view is simple: if the next bounce fails to reclaim $0.0314, I’d expect more downside pressure.
But if buyers take out the previous high again, I’ll drop the bearish idea.
68% up already. Does $IDOL have another leg, or are late buyers about to learn a lesson?
Another thing: the 4H funding rate is still positive, meaning longs are paying to stay in the game.
After a move this big, I wouldn’t be surprised if some late buyers get caught chasing.
My view is simple: if the next bounce fails to reclaim $0.0314, I’d expect more downside pressure.
But if buyers take out the previous high again, I’ll drop the bearish idea.
68% up already. Does $IDOL have another leg, or are late buyers about to learn a lesson?
